Description
⋅ Amazon has taken liquidity to the upside, we at Capital Wisdom see a necessary pullback to lower levels.
In our indicators NASDAQ:AMZN is HOLD, we have a big liquidity at $161.21, we have big selling pressure from the insiders, more than $ 8B in selling.
Overall
- Company has healthy profit margins, considering the average of the sector
- Company has healthy debt considering revenue and cash at disposal
If we get a big market correction because of interest rates we could visit $ 120 levels.
We see that as the most probable scenario.
But if the markets continues to the upside, we see as a possible target the range of $230.
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