$AMZN TOP 20
Added 2024-11-10 17:55:32 +0000 UTCThe Bezos line did not hold and in spite of him declaring that he will sell more, the volume and bullish sentiment is strong.....as it should be too, the price is only +10% higher than it was in 2021 and every metric has improved since then.
Current Market Cap is $2.1 Trillion, I see no issue with $AMZN being a $4 Trillion market cap company over the next 2 years.
ABC correction possibility is eliminated for now
A retest of the $200 level is possible shortly and if this level can hold, then a move up to the 1.618 Fib at $223 is next.....very bullish short term level is at $247.
Comments
Cap: I couldnt open a position on AMZN yet but I want to. Do you think it can make sense once you will add again to start a position…?
Federico Salerno
2024-11-10 18:58:06 +0000 UTC
