005. Piggish Play - Long AMZN to 2750+
Updated
AMZNAMZN's last earnings report is nothing short of unbelievable, in my opinion.
How does the world's greatest growth-turned-cash-cow crank out revenue numbers like 40%? The answer is partially the virus, but more importantly, AWS is exploding. I'm not going to sell you on Amazon because it's Amazon (the potential GOAT of stocks). What I am suggesting is that the company is now a growth-turned-cash cow-turned-growth cow.
I've never actually seen a Growth Cow before and I'm pretty familiar with all the financial animals. If you agree that AMZN is the GOAT as well, that would make it a growth-cow-goat. To make things simpler, the price is likely to go higher in a short period of time.
Technically speaking, Waves I. and II. are wholeheartedly locked in, so Wave III. should yield incredible results. Further technicals suggest that the RSI is ripe for an entry with solid support levels to boot.
Fundamentally speaking, Amazon is becoming something entirely new and analysts other than myself are recognizing it. Many agree that 3,000 is fair value, while the new consensus is around 2800. Both numbers would be just fine if they were to come into view this month.
The details of the trade can be found in the chart and I would suggest entering now-ish.
-Perma Pig-san
Trade active
Now then, hope everyone has loaded ze boat. About to melt.Enjoy,
-Permanently Piggish Pig
Trade active
Do not sell. Market is down and it doesn't care. We have a breakout, don't settle until 2600, at least.Trade closed: target reached
Took 1/2 gonna let the other half ride for this week since net profit goal reached. Hope it goes to 3000, but going to close this out.Trade active
Just gonna open this one up again for this and next week because the probabilities are aligned for an incredible second move up to 2850 in the near-term.Trade active
Hold. This trade is just getting started.Note
For the love of all that is pig, do buy this dip.Trade active
Like I'd sell now. Wait before ER to close out.
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