jonfuentesX
Short

Caution with AMZN

NASDAQ:AMZN   AMAZON COM INC
As retail stores continue to open and recover from the forced closings caused by the virus, amazon must put in effort to maintain the rally that the situation has given it in recent months.

From my point of view, the price is inflated, since, although amazon is undoubtedly one of the best internet commerce companies, it is also true that the development of the price in recent months has been sustained mainly by the unexpected situation of the virus.

From a technical point of view, although it has broken the last support, it has not managed to break the barrier of 2500, and this lack of strength could represent the beginning of a fall within the uptrend, as a correction of inflation .

Comments

Yes, it did hit 2500. The profits and stock value could have been higher but they spent $4 billion on corona-related safety equipment. Amazon's value is real.
Reply
jonfuentesX shaunmccutcheon
@shaunmccutcheon, Although the 2500 level was touched, it fell again quickly.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out