 Welcome traders to another Tick Mill earning season preview with me, Patrick Manley. Before we jump into today's report, as always, we want to adhere to the risk disclaimer. Most pertinent for today's presentation is the fact that views and opinions expressed by me are solely mine. They're not indicative or representative of those held by Tick Mill UK or Tick Mill Europe. Limited. Okay, let's jump into today's report. We are looking at Amazon. Amazon are set to announce earnings after the close of trade in New York today. We are looking for an EPS of 0.213 on estimated revenue of 124.575 billion. Now, in terms of the only report, obviously a slowdown in online shopping activities, foreign currency headwinds, elevated staffing costs and supply chain disruptions are likely to be a concern. Growing inflationary pressure on fuel, energy and transportation costs might well have negatively impacted Amazon's first quarter performance yet. Amazon strengthening distribution network and prime enable fast delivery and grocery services are expected to evade the performance of its e-commerce business in the quarter to be reported tonight. Prime benefits, which include strong loyalty system, customer friendly offers, quick grocery delivery services and robust prime free one day and prime free same day delivery services are expected to have also a customer momentum in this quarter. In the first quarter, the company made a previously launched prime benefit by with prime, wildly available to US based merchants by with prime allows prime members in the United States to shop directly from merchants. Online stores and avail fast and free delivery service a smooth checkout experience and easy returns. This is expected to have encouraged prime subscriptions. Apart from these initiatives, the company's aggressive stance on the core retail industry, especially grocery retail is expected to have benefited the quarterly performance. The company's strengthening e-commerce business worldwide, along with the expanding global footprint of prime are expected to have contributed well. The growing momentum of its cashierless technology might have been a positive rapid deployment of its palm scanner payment technology. Amazon one is likely to also benefit benefits the company in this quarter. In this apart from strengthening relationships with third party sellers on the back of strong solution offerings may well also have a did growth of third party seller services sales in the quarter to be reported coming to streaming services. The company's actually solid momentum across prime video is expected to have been a major tailwind in this quarter, expanding original content, regional content, and the overall content portfolio on prime video are expected to have driven the prime subscription for this quarter. And then we come to the flagship Amazon web services, the company's expanding web services portfolios expected to really have boosted performance in this quarter. The company made a fully managed service called AWS telco network builder generally available this service automates deployment and management of telco networks on the Amazon web service platform. With this service AWS is likely to have gave momentum on communication service providers during this quarter this apart. The company's increasing number of availability zones and regions is also expected to continue to act as a major tailwind. We also have the development of smart device portfolio, which is expected to really have been robust in this quarter. It's an eco of smart speakers is expected to have contributed really strongly. It's strengthening portfolio of fire devices is anticipated to have been beneficial in the quarter. Amazon has unveiled three new sizes of 43 inch 50 inch and 55 inch and the fire TV only Q led series. In addition, Amazon rolled out the fire TV to series, which offers both fire TV and the Alexa experience in one platform strengthening Alexa features is likely to have a did Amazon as well And we will also note there has been a deepening focus in within the business on healthcare, Amazon's growing efforts towards bolstering its presence in the booming healthcare industry are really expected to be an interesting point in this reports. So now we have an overview of where Amazon rap from a revenue perspective EPS and generally where the business is positioning self and we are expecting a very positive report this evening. Let's take a look at some of the statistical trading patterns that we have witnessed around Amazon earnings. EPS have moved lower in the immediate aftermath of earnings 8 out of 12 previous reports on average the stock moved down 0.9% in the first day of trading after the company reported earnings based on the previous 12 earnings releases Amazon is more likely to trade lower one day after earnings from average loss of 0.4%. However, on average the stock has moved lower by 0.2% one week after earnings. Let's take a look at where we are from the analysts community and in terms of the 53 analysts that have issued a stock rating on Amazon in the past quarter 39 have it as a strong buy eight as a buy five as a hold and only one strong sell in terms of the price metrics. Over the next 12 months, we have a max upside there of 155, an average of 130 and then a low of $85. In terms of sentiment and flow options traders are pricing in a 5.9% move on this earnings release the stock's average 6.8% move in the recent quarters the options market has overestimated Amazon stock earnings move 50% of the time in the last 13 quarters. Now, notably there has been 37,728 contracts. There is a bid on the one 10 call which is expiring on Friday and options order flow generally has been bullish going into the earnings, you have 70% of investors expecting earnings beat. With all that said let's put the chart and see where we might find a trading opportunity. Amazon closed last night. That's Wednesday at 105, 104.96 per share they're opening up today at 108. Now, importantly, the tech earnings so far Microsoft, Google and Meta have all outperformed and I think the stock is getting a natural lift from the the sector performance at this stage from a technical perspective for myself. I will be looking to buy any break of the 10950 I want to engage on the long side. We have a technical upside objective versus the swing structure and that 8807 low gives us 12066 on the upside so like I say any break of that 10950 on a closing basis I want to engage on the long side and look for a grind up into once we retest these price swing highs here 114 expect a little bit of congestion there potentially but ultimately we look then for a break to the market to target 12066 as the next technical upside objective for the stock at this stage. It would really take a close back through the high volume node here at 102 to suggest a more meaningful pullback could develop. We look to support back into the 9777 area monthly projected rain sports sits at 94 12 but for now, like I say I'm constructive and bullish and looking to engage on the long side and we're targeting a test up to 12066. As always traders plan the trade trade the plan and most importantly, manage your risk until next time. Thanks very much.