Report
Peter Goodburn
EUR 224.90 For Business Accounts Only

Amazon.com | Outperformance Set to Change

PREAMBLE: PART I of this two-part analysis of Amazon.com Inc. focused on forecasting the completion of its uptrend that began from the February low of 474.00. Two upside targets were proposed, the first to 854.17+/-. Since the report was published on October 2nd, Amazon.com Inc. approached this target level with a trade at 847.21. A subsequent decline has triggered a ‘reversal-signature’ that confirms the five wave impulse uptrend from last February’s low has successfully completed at pre-determined targets. A multi-month counter-trend decline is now underway.

This report, PART II focuses on the medium and long-term outlooks.

Underlying
Target Corporation

Target provides its customers everyday essentials and merchandise. The company sells an assortment of general merchandise and food. The majority of the company's general merchandise stores provide an edited food assortment, including perishables, dry grocery, dairy, and frozen items. The company's small format stores provide curated general merchandise and food assortments. The company's digital channels include merchandise assortment, including various items found in its stores, along with a complementary assortment. The company also sells merchandise through periodic design and partnerships. The company's owned brands merchandise include: A New Day?, Archer Farms?, Art Class?, Ava & Viv?, Cat & Jack?, and Cloud Island?, among others.

Provider
WaveTrack International
WaveTrack International

​WaveTrack International provides bespoke intelligence for Asset Management Corporations, Pension Funds, Total/Absolute-Return/ Hedge Funds, Sovereign Wealth Funds, Corporate and Market-Making/Trading institutions. The ‘deterministic’ qualities of the methodology used often translates into results that are dynamic and – outside consensus estimates. This is suitable for individuals who seek unbiased market research which is ‘technical, quantitative and strategic’ for their investment decision making. WaveTrack’s analysis and research is especially relevant for medium/long-term investment strategies.


Analysts
Peter Goodburn

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