Can we bounce from here? I got Long
Amazon is sitting on the Falling Support Line and Support area.
I go long for a bounce next week.
We are still in a downtrend so this is just a quick bounce.
I go long for a bounce next week.
We are still in a downtrend so this is just a quick bounce.
Note
seekingalpha.com/news/3418775-rbc-sees-19b-alexa-revenueRBC Capital's fourth annual Amazon (NASDAQ:AMZN) Alexa survey shows a 31% U.S. penetration for the devices compared to 41% for overall smart speakers.
RBC thinks Amazon could see 18B to 19B in Alexa-related revenue by 2021, which would represent about 5% of overall revenue.
Rating reaffirmed at Outperform with a $2,300 target.
Amazon shares are up 0.4% premarket to $1,466.72.
Note
WOW great trade.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.