CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Amazon

Market Opportunities - 12/10/2020

12 October, 2020

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible opportunity for profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

Amazon uptrend opportunity based On 1.00 Lot Calculation:

  • Amazon is the king of e-commerce. It continues to benefit from ongoing lockdowns and a fundamental shift in how consumers shop. Amazon’s Prime Day is an annual 48-hour retail event where Amazon Prime members can get deals on laptops, TVs, smartphones, wearables, and more.
  • This year’s Prime Day will start 1 minute after midnight on October 13th, 2020.
  • Amazon’s Prime Day Sales grow every year. In 2017 they were $2.41 billion, and in 2018 they were $4.19 billion, in 2019 their sales were $7.19 billion. This year’s Prime Day is projected to generate approximately $9 billion in sales.
  • Amazon’s Q3 results are tentatively expected on October 23rd, 2020 after the American market closes. The consensus estimate is that they will report adjusted earnings of $10.99 per share and that revenue will be $81.22 billion.
  • Amazon’s earnings figures have exceeded the consensus forecast 6 of the last 8 times.

AMAZON, October 12, 2020
Pivot point: 3,312.00

AMAZON

Weekly

Trend direction

UP

Resistance 3

3,677.09

Resistance 2

3,567.56

Resistance 1

3,458.03

Support 1

3,172.60

Support 2

3,079.67

Support 3

2,980.10

Example of calculation base on weekly trend direction for 1.00 Lot*

AMAZON

Pivot Points

Resistance 3

Resistance 2

Resistance 1

Support 1

Support 2

Support 3

Profit or loss in $

36,509.00

25,556.00

14,603.00

-13,940.00

-23,233.00

-33,190.00

Profit or loss in €**

30,929.35

21,650.29

12,371.23

-11,809.56

-19,682.31

-28,117.59

Profit or loss in £**

28,037.48

19,626.00

11,214.53

-10,705.37

-17,842.03

-25,488.61

Profit or loss in C$**

47,936.32

33,555.03

19,173.74

-18,303.22

-30,504.93

-43,578.47

* 1.00 lot is equivalent of 100 units
** Calculations for exchange rate used as of 10:24 a.m. (GMT +1) 12/10/2020
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Senior Account Manager regarding their use.
*** You may wish to consider closing your position in profit, even if it is lower than suggested one
**** Trailing stop technique can protect the profit – Ask your Senior Account Manager for more details

Share It With Your Network
AMAZON.COM, Inc. Chart
Update Time: -
Highest
Lowest
1M 5M H D W
Prices are loading..
Ready for trading?Start Now