Welcome to 10 months ago. AMZN has been in a 500 point range since the pandemic hit. So yeah, it topped 12 months ago. Old news. By the way...What happened the last time it got stuck in a range for months? Just look at the chart you posted. Back in 2019 it was like, well, fuk that, hehe. It ate a lot of bears for breakfast.
I was going to reply with something clever, but then I ran out of ideas lol, AMZN is clearly an AMZNing company and makes a solid long term investment, but for now, IMHO, it's due for a retracement, not a sexy r:r, perhaps will go lower than my realistic target. Edit based on your edit: yes, COVID-19 happened, now we are coming out of it, so total monopoly has been put on hold.
Dude, man...It's a juggernaut. It has been ranging for almost a year. It is a buying opportunity! If the meme crowd ever saw shit like this, they would blow it to the moon. So I like your idea. Wait for a retrace back to a 50ish% level of ~3200? which it is at right now? Buy the hell out of it. Q3 could be slow, but that does not stop the sweatermen!
For long term can perhaps get in at current level, I'd prefer more of a discount, thanks for the input
Yes, for the longer-term, now is a great place to buy in my estimation. We just have to get past Q3 doldrums. Q4 is going to be another monster, which will be reflected in early 2022. Shorter-term moves on this thing? Hell if I know. It is why I meditate upon loons.
We were not meant to have the vaccines=kinda back to normality, for at least 2 years, we beat that estimate, so we ought to see this reflected via a correction. Let's not forget how this huge rally came about.
We already had a correction in the Naz a couple months ago, and a close-call correction last month. You want another one now? How many corrections per year do you want? WTF? Dude, listen to the loons!