We find asymmetric growth setups before the breakout
Elliott Wave | Cycles | Fundamentals
Business & IR: vizongbr@gmail.com
NFA | DYOR
Premium access on Patreon
$AMZN is about to fall back to buy levels.
The standard wave 2 correction is almost complete, but we should get one last retest of the key-supportzone around $230.
That's where the stock gets attractive again.
The next move should take us up towards $355.
And that's just the minimum target.
$AMZN is one of the best positioned businesses for the next years.
- AWS revenue is exploding
- Trainium secures higher profits and vertical Integration
- Margins grow as AWS takes more revenue share
This is a giant long-term compounder.