Amazon.comShort
AMZN PUTS
Amazon (AMZN) recently broke down from an uptrend wedge pattern, signaling a potential shift in momentum. The latest earnings report revealed disappointing revenue growth, rising operational costs, and a slowdown in AWS, raising concerns about future profitability. $160 area target.
The strikes in Iran and among port workers could hit Amazon pretty hard. If ports get backed up, it could slow down shipping and lead to inventory shortages, making it tough to keep products in stock. Plus, if shipping costs go up, that could eat into profits. With all this chaos, consumer confidence might drop too, which isn’t great for sales. Overall, these disruptions could really hurt Amazon's bottom line in the near future.
The strikes in Iran and among port workers could hit Amazon pretty hard. If ports get backed up, it could slow down shipping and lead to inventory shortages, making it tough to keep products in stock. Plus, if shipping costs go up, that could eat into profits. With all this chaos, consumer confidence might drop too, which isn’t great for sales. Overall, these disruptions could really hurt Amazon's bottom line in the near future.
Note
I did move out to Nov 8th, 155 puts. bought more time. GL everyone!Note
Fib Channel Breakout this morning, to the downside. Sloppy price action is expected into FOMC. No change on targets/Dates.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.