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Technical Analysis, May 3, 2022: SHORT AMZN

Amazon ended the first quarter with a very sluggish revenue increase, +7% to $ 116.4 billion in the last three months of last year – the slowest year-over-year expansion rate since 2001. Earnings per share, which was below forecasts, was penalized by the $ 7.6 billion loss generated by the investment in Rivian. The forecasts for the second quarter are below expectations. Revenues are estimated at between $116 and $121 billion. The range of the operating income is very wide, ranging from a loss of one billion dollars to a profit of 3 billion. In Amazon’s case, therefore, both the results and the outlook penalizes the stock.

Amazon.com [AMZN.N], which closed +0.2% at $2,490, dropped 0.3% to $2,482 in pre-trading. It could be a distribution phase, which is yet to be demonstrated. However, it characterized Amazon’s equity story from summer 2020 between the resistance at $3,700 and the support at $2,880 (repeatedly violated and recovered). The stock took our target at $2,500. Given the very strong volumes generated, the direction remains down. The $2,500 area is a major support and now there might be some pull back. Since it closed below $2,500, the target is at $2,300.

We recommend a multiday operation: go SHORT on the stock, upon closing below $2,500, by buying the Leverage Shares Amazon -1X ETP (ISIN: IE00BKT66S86) with a short-term target towards $2,300. Alert/stop loss should be above $2,700 (closing daily).


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Violeta Todorova

Senior Research

Violeta a rejoint Leverage Shares en septembre 2022. Elle est chargée de mener des analyses techniques et des recherches sur les actions et macroéconomiques, fournissant des informations importantes pour aider à façonner les stratégies d’investissement des clients.

Avant de rejoindre LS, Violeta a travaillé dans plusieurs sociétés d’investissement de premier plan en Australie, telles que Tollhurst et Morgans Financial, où elle a passé les 12 dernières années de sa carrière.

Violeta est une technicienne de marché certifiée de l’Australian Technical Analysts Association et est titulaire d’un diplôme d’études supérieures en finance appliquée et investissement de Kaplan Professional (FINSIA), Australie, où elle a été conférencière pendant plusieurs années.

Julian Manoilov

Marketing Lead

Julian a étudié l’économie, la psychologie, la sociologie, la politique européenne et la linguistique. Il possède de l’expérience en matière de développement commercial et de marketing grâce à des entreprises qu’il a lui-même créées.

Pour Julian, Leverage Shares est une entreprise innovante dans le domaine de la finance et de la fintech, et il se réjouit toujours de partager les prochaines grandes avancées avec les investisseurs du Royaume-Uni et d’Europe.

Oktay Kavrak

Head of Communications and Strategy

Oktay a rejoint Leverage Shares fin 2019. Il est responsable de la croissance de l’activité à travers des relations clés et le développement de l’activité commerciale sur les marchés anglophones. 

Il a rejoint LS après UniCredit, où il était responsable des relations avec les entreprises pour les multinationales. Il a également travaillé au sein de sociétés telles qu’IBM Bulgarie et DeGiro / FundShare dans le domaine de la finance d’entreprise et de l’administration de fonds.

Oktay est titulaire d’une licence en finance et comptabilité et d’un certificat d’études supérieures en entrepreneuriat du Babson College. Il est également détenteur de la certification CFA.

Sandeep Rao

Recherche

Sandeep a une longue expérience des marchés financiers. Il a débuté sa carrière en tant qu’ingénieur financier au sein d’un hedge fund basé à Chicago. Pendant huit ans, il a travaillé dans différents domaines et organisations, de la division Prime Services de Barclays Capital à l’équipe de recherche sur les indices du Nasdaq (plus récemment).

Sandeep est titulaire d’un master spécialisé en finance et d’un master en administration des affaires de I’Institut de technologie de Chicago.

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