, Inc. (NASDAQ:AMZN) Expands With Prime Launch in UAE, Inc. (NASDAQ:AMZN) Expands With Prime Launch in UAE, Inc. (NASDAQ:AMZN) Expands With Prime Launch in UAE

In order to strengthen presence in the Arabian Peninsula, Amazon AMZN has rolled out Prime services in the United Arab Emirates (UAE).

The company expanded e-commerce operations in the UAE just a month ago by launching Amazon Prime and its customer friendly services will help the e-commerce giant in enhancing customer experience in the country.

Notably, the service is available in both monthly and yearly subscription at Dh16 and Dh140, respectively. Further, Prime 30 days free trial has also been made available in the country.

Additionally, Amazon is providing Prime monthly subscription at Dh12 as an introductory offer till the end of October 2019.

Prime Benefits: A Key Catalyst

The Prime members in the UAE will now enjoy 50 percent discount on same-day delivery of several products in cities like Sharjah, Al-Ain, Dubai, Abu Dhabi and Ajman.

Further, members will be able to avail free next day delivery across the country with no minimum purchase.

Domestic products eligible for Prime delivery include – electronics, books, toys, fashion and beauty from the brands such as Black & Decker, Samsung, Guess, Bosch, HP, Philips, Friskies, Maybelline New York, Gillette, Lego, Sony, Nike and Pampers, to name a few.

Additionally, brands eligible for international orders include Timberland, US Polo Assn, Crocs, Invicta, Ray-Ban, Ted Baker, Clarks, Diesel, Philips, Samsonite and Sandisk, to name a few. Further, customers will also be able to avail free delivery in 6 to 9 business days for international orders worth more than Dh100.

Furthermore, shoppers joining Prime will also be able to avail special deals and benefit significantly by shopping on Prime Day.

Apart from these shopping benefits, Amazon will provide UAE Prime member access to original series, movies and award-winning shows of Prime Video. Moreover, they will be able to avail Twitch Prime.

Overall, the bias in prices is: Upwards.

The projected upper bound is: 1,955.45.

The projected lower bound is: 1,787.41.

The projected closing price is: 1,871.43.


A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 6 white candles and 4 black candles for a net of 2 white candles. During the past 50 bars, there have been 22 white candles and 28 black candles for a net of 6 black candles.

A spinning top occurred (a spinning top is a candle with a small real body). Spinning tops identify a session in which there is little price action (as defined by the difference between the open and the close). During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.

Momentum Indicators

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 80.8883. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a buy 6 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 56.44. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 7 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 96. This is not a topping or bottoming area. The last signal was a sell 1 period(s) ago.


The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 3 period(s) ago.

Rex Takasugi – TD Profile

AMAZON COM closed up 14.980 at 1,870.300. Volume was 35% below average (neutral) and Bollinger Bands were 37% wider than normal.

Open High Low Close Volume___
1,866.7201,883.0901,862.2201,870.300 2,795,810

Technical Outlook
Short Term: Overbought
Intermediate Term: Bearish
Long Term: Bullish

Moving Averages: 10-period 50-period 200-period
Close: 1,794.42 1,857.15 1,749.96
Volatility: 43 29 46
Volume: 4,702,180 4,284,482 5,670,777

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.


AMAZON COM is currently 6.9% above its 200-period moving average and is in an downward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of AMZN.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on AMZN.O and have had this outlook for the last 22 periods.

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