USD/JPY has hit a strong support and this is a strong evidence for buyer opportunity to benefit from the market.
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Amazon (NASDAQ: AMZN) shares slid nearly 4% in pre-market trading on Friday, as investors reacted to a slowdown in the company's cloud growth and a subdued sales forecast for the current quarter. The dip comes despite strong performance in Amazon's retail segment and a broader technical breakout that suggests the stock may be poised for a significant upward move in the coming months. Let’s dive into the technical and fundamental factors driving Amazon’s current market dynamics and why this dip could be a buying opportunity for long-term investors. Cloud Growth Slowdown Weighs on Sentiment Amazon Web Services (AWS), the company’s cloud computing division and a key profit driver, reported a 19% year-over-year revenue increase to $28.79 billion for the quarter. While this growth is impressive, it fell slightly short of analyst expectations of $28.87 billion, according to LSEG data. This miss has raised concerns about the competitive pressures AWS faces from rivals like Microsoft Azure and Google Cloud, as well as emerging low-cost competitors such as China’s DeepSeek. Technical Outlook From a technical perspective, Amazon’s stock chart tells an intriguing story. As of Friday’s pre-market trading, AMZN was down 2.78%, but the stock recently broke out of a falling trend channel, signaling a potential reversal of its previous downtrend. While the stock has yet to capitalize on this breakout, the current dip could be interpreted as a "shakeout" before a significant upward move. Key technical indicators support this bullish thesis: - Relative Strength Index (RSI): The RSI remains strong at 60, indicating that the stock is neither overbought nor oversold and has room to climb. - Moving Averages: AMZN is trading well above its 50-day, 100-day, and 200-day moving averages, a sign of strong underlying momentum and bullish sentiment. This technical setup suggests that the pre-market dip may be a temporary pullback rather than the start of a sustained downtrend. For traders and investors, this could present an attractive entry point. Strong Revenue and Earnings Growth Amazon’s financial performance in 2024 has been impressive, with revenue reaching $637.96 billion, a 10.99% increase compared to the previous year’s $574.79 billion. Earnings surged by 94.73% to $59.25 billion, reflecting the company’s ability to scale profitability even as it invests heavily in growth areas like AI and cloud infrastructure. The company’s 12-month forward price-to-earnings (P/E) ratio of 37.3 is higher than peers like Alphabet (22.7) and Microsoft (30.1), but this premium is justified given Amazon’s diversified business model, dominant market position, and long-term growth potential. Analyst Sentiment: Strong Buy Rating Wall Street remains overwhelmingly bullish on Amazon. According to 43 analysts, the average rating for AMZN stock is a "Strong Buy," with a 12-month price target of $254.3, representing a 6.48% upside from the latest price. At least seven brokerages raised their price targets following the earnings report, bringing the median target to $260. Analysts are optimistic about Amazon’s ability to navigate near-term challenges and capitalize on long-term growth opportunities in AI, cloud computing, and e-commerce. The company’s heavy investments in AI infrastructure, while weighing on margins in the short term, are expected to pay off handsomely in the coming years.
Beautiful buy setup off support. NFP likely to provide volatility.
CRYPTOCAP:SOL is heading towards a key support zone, a level that has before seen strong buying interest. If this happens I can see this scenario play— price dips a bit below support, shaking out weak hands before reversing higher. It’s the classic liquidity grab, a move that could start the next leg up. If this happens, we could see SOLANA take support with strength, signaling that buyers are stepping in aggressively. From there, momentum could build towards $213. But there’s always the other side of the trade. If buyers fail here and SOL struggles, the direction could shift. What looks like a simple liquidity grab could turn into a breakdown, and be aiming for a deeper correction. It all comes down to confirmation. Does price reclaim support with strength, or does it get stuck below resistance? That will be the key to watch. Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management! Please boost this post, every like and comment drives me to bring you more analyses! I’d love to hear your perspective in the comments below.
After support trend line breakout it's the time to sell after price pullback and show weakness bullish
my idea about nearUSDT timeframe Wikly my idea about nearUSDT timeframe Wikly my idea about nearUSDT timeframe Wikly
GOLD during London Session Open It Took Out Asian Highs And It Has Been Stalling To Break Above, Now There's Probabilities That Gold Will Go For The Asian Lows Before Expanding Higher Or Just Retrace down! #?
This chart shows *Bitcoin (BTC/USD)* on a daily time frame with a *bullish* outlook. - *Current price*: 97,924 - *Target 1*: 101,980 - *Support level*: Around *81,053* The price has recently made a correction from the highs, and there's a potential for a *bounce back* towards *101,980*. The support zone around *81,053* suggests a possible area for a reversal if the price drops. Traders should be cautious of any potential downside movement towards this level, but the overall trend appears to be *bullish* towards the target. *Key points*: - *Resistance* around 101,980 - *Strong support* near 81,053 - *Bullish scenario* in the short term This setup suggests a potential price rise back towards *101,980*, with key support at *81,053* in case of a downturn. Always consider proper risk management and stay updated with market movements.
After support trend line breakout it's the time to sell after the pullback price show the signals