PORTFOLIO ALERT – AMAZON LONG POSITION OPENED

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With second wave of Covid-19 going loose all over Europe and USA, we have very little hope of this year’s Black Friday and holiday shopping season to kick off as usual.

We need to face it, social restrictions is exactly what the online retailers need. At least 50% from offline sales will go to them this year, so position is simple, we long the strongest one is North America sector which is Amazon.
POSITION IS A LONG
INSTRUMENT – AMAZON
SYMBOL AMZN
CFD CONTRACT 1 LOT – 100 SHARES
POSITION VOLUME = 10 LOTS = 1,000 SHARES
ENTRY POINT 3,178$
LEVERAGE 1-TO-20
POSITION MARKET VALUE 3,178,000$
MARGIN REQUIREMENTS 5% FROM POSITION VALUE 158,900$
TAKE PROFIT 3410$
SPREAD = 232$
EST PROFIT 232,000$
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