P_S_trade

AMZN 1H Amazon stock has an uptrend for 20 years, what next?

NASDAQ:AMZN   Amazon.com, Inc
Amazon.com is one of the first Internet services focused on the sale of real consumer goods, the world's largest company in terms of turnover selling goods and services over the Internet. The company is expanding into e-commerce markets around the world.
Such a "big brother" from “Big five“, the development of which probably inspires all the Internet platforms. Today, it is difficult to name any innovative industry where Amazon or directly its founder Jeff Bezos would not be involved. They are involved in all industries: from filming movies and TV shows to supermarkets without salespeople, from selling anything online to flying into space.

But let's go to the graph, if you looked at our global ideas for the funds' instruments (by the way, they are all tied to the bottom of this idea), you should note that all instruments had a consolidation of 8-13 years around the 00s and then a 10-12 year growth trend.
But AMZN shares are different, even special ones — their upward trend, almost without correction, has been going on for 20 years.

From the low of 2001, the share price of AMZN has added more than +60,000%, here even most cryptocurrencies can envy such a powerful and stable growth.
Of course, the higher the price, the more difficult it is to grow, however, we believe there is still potential for growth.

Last year, Amazon's share price was in the consolidation of $2800- $3500. It was gaining strength for the next upward impulse, which took place 2 weeks ago. Now the $3500 level is turned from resistance to support.
If the price does not go much lower than this level, then the forecast of continued growth another 1.5 years to the beginning of 2023 will become very realistic.

The intermediate target for growth can be $4800, and the final target for growth we choose is $5750. Just imagine, at this level, the price of an AMZN share could rise more than +100,000% from the 2001 low in a single trend. One hundred thousand percent, this is cosmic significance as for funds.

It is good that tradingview retains all the ideas and in 1.5-2 years we will be able to test their effectiveness.
And if you are interested, please like and write a comment. We will update the idea over time, and you will receive a notification about it.
>>2-летний ТРЕЙД марафон
Менторство
Помощь в управлении депозитом
https://defimood.com/

Наши YOUTUBE прогнозы:
https://cutt.ly/TnGhzag

Telegram
https://cutt.ly/kxTh2Fh

>>2-year TRADE marathon
Deposit management assistance
https://defimood.com/en/

Comments

Excellent breakdown, well done. 😉
+1 Reply
P_S_trade Helical_Trades
@Helical_Trades, thanks for comment
Reply
Great call, keep them coming. 🚀🚀
+1 Reply
P_S_trade financialflagship
@financialflagship, thanks for support!
Reply
same as S&P 500, I think crypto and stock crash, that is where the crisis start.Where we will see 20k BTC lol
+1 Reply
P_S_trade Skynguyen160796
@Skynguyen160796, let's see) thanks for comment)
Reply
Very good!
+1 Reply
P_S_trade OptimoomFX
@OptimoomFX, nice
Reply
When I look at this chart,this sentence passes my mind:consistency is the key to success !
+1 Reply
P_S_trade Sobhan_23
@Sobhan_23, and patience
+1 Reply