What data is published by Amazon and what to expect

What did Amazon show in 2017?
- The company's revenue jumped to $ 60.5bn. compared to $ 59.83 billion. expected
- EPS of the company came out as expected: $ 3.75 per share.
- AWS (Amazon Web Services) revenue rose to $ 5.11bn. compared to the expected $ 4.97 billion. AWS remains the best performing company in the Amazon group and at the same time a major source of revenue in North America.
Amazon's revenue jumped 38%, with US growth of 42% and US 29%.
A quick look at the Supply Chain analysis shows that Sony's sales peaked at 10.85%, while sales at General Electric dropped by -6.99%.

Amazon Supply Chain:

Technical look where is the best entry point?

The technical price is in a strong upward trend, but there are several worrying signals that will most likely negatively impact despite the company's good financial data. Given the negative sentiment of stock markets over the past few days, we expect Amazon to remain under pressure as the $ 1,350 levels where the first level of support is available give us a good opportunity to position ourselves with long-term trends. Currently we have a Sequential with 13 at the top - an upward trend signal. Sequential counts 1 bottom - beginning a new downward impulse. Dem 8 puts a sales alert pointing down and coming out of an oversupply zone - negative for the price.

Keep in mind that Amazon trades with + 6% after the stock market. In other words, tomorrow the price will open with Gap in the upward direction.

Source: Bloomberg Pro Terminal

Jr Trader Petar Milanov

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