Amazon (AMZN) (February 2nd 2021 through October/November 2021)
Low: $3,197 - $3,380
High: $3,998-$4,645
2020 Q4 reports are announced after market close today.
My speculations for 3 major metrics are as follows:
I'm expecting annual guidance to report as positive overall.
I see expect EPS to outperform the analyst expectations of $7.19, some levels I expect are just barely over $7.35, and maybe even in the $9 to $10 range.
I believe trading after tomorrow's close (today as well?) will close in the positive from current price of $3,880. Levels around $3,458 to $3,598 could potentially be achieved in the week or next.
All in all I am very bullish on Amazon as it's an absolute powerhouse of a company that attempts to optimize its efficiency in every single aspect it possibly can. The numbers they push are ridiculous. Employees of Amazon deserve a little bit more pay in my opinion.
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
Low: $3,197 - $3,380
High: $3,998-$4,645
2020 Q4 reports are announced after market close today.
My speculations for 3 major metrics are as follows:
I'm expecting annual guidance to report as positive overall.
I see expect EPS to outperform the analyst expectations of $7.19, some levels I expect are just barely over $7.35, and maybe even in the $9 to $10 range.
I believe trading after tomorrow's close (today as well?) will close in the positive from current price of $3,880. Levels around $3,458 to $3,598 could potentially be achieved in the week or next.
All in all I am very bullish on Amazon as it's an absolute powerhouse of a company that attempts to optimize its efficiency in every single aspect it possibly can. The numbers they push are ridiculous. Employees of Amazon deserve a little bit more pay in my opinion.
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!