Amazon.comShort
AMZN 20 Years Long Uptrend - Targets 68/72, Then Lower
AMZN Enjoyed a massive bull market for more than 20 years until April 2022 when this massive uptrend failed.
The uptrend ended and the bear market has been fully confirmed.
Now, how much lower can it go?
Mid-term (1-3 months) we are seeing the 72-68 range as the next and main support target.
By June/July next year (2023), it can go as low as 41, depending on how things develop of course.
The last mayor correction lasted about 1.8 years from top to bottom.
This would put the next bottom at around mid 2023.
Namaste.
The uptrend ended and the bear market has been fully confirmed.
Now, how much lower can it go?
Mid-term (1-3 months) we are seeing the 72-68 range as the next and main support target.
By June/July next year (2023), it can go as low as 41, depending on how things develop of course.
The last mayor correction lasted about 1.8 years from top to bottom.
This would put the next bottom at around mid 2023.
Namaste.
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