I'm with the other comment - AMZN is in no way going to $1000 let alone the ridiculous 80% retracement at below $400.
If it had no Twitch, AWS, Whole Foods, Pill Pack, Movies, Alexa, Music, Kindle ... Maybe (so pretty much eBay)
DYOR before investing.
gbrentr
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I think a price target that low is a higly unlikely. This isn't bitcoin. Breaking through the $1000 mental barrier where there is decent support and an already 50% decline would be insane. There will be too many buyers at tat level. Too many people going all in. AMZN is worth 1k for sure. I am going to start dollar cost averaging at 1010, 1001, and at 785. Under the 1k mark you still have to more support levels to break trough. It would be an epic trade if it happened of course. But in order to get there AMZN as to stop reporting record earnings, not just being overbought as it is now. Good luck to you, ill be working against you at 1k.
If it had no Twitch, AWS, Whole Foods, Pill Pack, Movies, Alexa, Music, Kindle ... Maybe (so pretty much eBay)
DYOR before investing.