ncontelmo

AMZN PT $3800

Long
NASDAQ:AMZN   Amazon.com
I am not overly confident in this play as i feel once IWM completes it 100% retracement there will be a pull back in the market, especially getting closer to the election. But if my theory is wrong, Amazon like $TSLA and $AAPL should be the next big mover. I do expect AMAZON to follow suit and eventually do a stock split. This will most likely occur once we pass $3600. My other theory on this is that Jeff Bezos and Elon hate one another. After TSLAs stock split, it will probably very quickly get back to $1000/share making or potentially making Elon the richest person in the world. The only way to combat this is by AMZN doing a stock split to make their stock more affordable for Robinhooders. Depending on the election, I anticipate Jeff Bezos to be worth $500 billion by next year.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.