Amazon: This Support Level is Better. We look to Buy at 3301.00 (stop at 3121.00)
Amazon - Short Term - We look to Buy at 3301.00 (stop at 3121.00)
Trading within a Bullish Channel formation. Previous support located at 3200.00. Previous resistance located at 3800.00. A bullishhammer has been posted as prices reject the lower levels. We continue to expect further losses to be limited and look to set longs for a further drive higher within the channel.
Our profit targets will be 3737.00 and 3900.00
Resistance: 3500.00 / 3800.00 / 4000.00
Support: 3200.00 / 3000.00 / 2900.00
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Quarterly Outlook Q2 2022
Quarterly Outlook Q2 2022: The End Game has arrived
- Shocks from covid and the war in Ukraine have forced the global financial and political world to change, but what will the end game be?
Productivity and innovation have never been more importantAs the world economy hits physical limits and central banks tighten their belts, could equities be facing a 10-15% downside?
The great EUR recovery and the difficulty of trading itIf the terrible fog of war hopefully lifts soon, the conditions are promising for the euro to reprice significantly higher.
Tight commodity markets – turbocharged by war and sanctionsWith supply already tight, commodities keep powering on. But will it last for yet another quarter?
Between a rock and a hard placeGeopolitical concerns will add upward price pressures and fears of slower growth, while volatility will remain elevated.
The Great ErosionInflation is everywhere and central banks try to combat it. But will they get it under control in time?
Australian investing: Six considerations amid triple Rs: rising rates, record inflation and likely recessionWhile global financial markets are struggling in an uncertain world, the commodity-heavy Australian ASX index is poised to keep a positive momentum.
Cybersecurity – the rush to catch up with realityWith the invasion of Ukraine, governments and private companies are rushing to reinforce their cyber defenses.