A more careful look into AMZN's price action (log scale) since 2009 and after the markets stabilized from the 2008 crisis, shows that the stock had pull backs of around -30% on another 4 occasions. Each time the stock grew by a minimum of +134.50% in the monthly candles that followed until the new -30% decline occurred. The quickest of the growth periods that followed was conducted in 14 months.
If we apply those parameters on today's price action we can assume that November's 1,420.00 was the bottom and by January 2020 (14 months) Amazon will complete a +134% rise near 3,330.
Technically the 1M technical indicators are in favor of a sustainable uptrend from now on as an of 67.035 and Highs/Lows of 85.6885 are characteristics of an while the neutral = 52.949 and Highs/Lows = 0.0000 on top of a = 0.950 on 1W, characteristics of a support.
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