This is an incredible company with still significant growth ahead and a compelling revenue stream in AWS.
This is now below the weekly 200, this is a strong buying opportunity as it approaches a strong support zone having shed nearly 40% of its value. Amazon is an incredible company, as Warren Buffett says you cannot go wrong with buying companies that you personally use. Good idea to scale in, especially with the imminent stock split which should make this stock a lot more affordable for the individual investor.
This is now below the weekly 200, this is a strong buying opportunity as it approaches a strong support zone having shed nearly 40% of its value. Amazon is an incredible company, as Warren Buffett says you cannot go wrong with buying companies that you personally use. Good idea to scale in, especially with the imminent stock split which should make this stock a lot more affordable for the individual investor.
Comment:
I will buy in an initial long term position at 2050 and seek to average down the further down we go if possible. This will be my main FAAMG holding along with Google which I see as more compellingly valued than Apple and Microsoft with greater growth potentials.