Amazon Will Hit $2800 in 2020

I was one of the first people to be very bullish on Amazon back at the start of 2020 based on key technical levels and my overall bullish sentiment for 2020. Infact, I was (and still remain) more bullish for 2020 compared to 2019.

Moreover, I accurately predicted the global economies would remain artificially strong enough to ward off technical recessions, but maintain its weakness to support further cuts.

Nonetheless, before any "professional analysts" chimed in, I stated Amazon would break-out and have a phenomenal year. Amazon will be a top leader and will reach roughly 2800. While I'm not forecasting it, even 3000-3200 is theoretically possible but my target is 2800.

You can play Amazon by investing in the stock directly, or my favourite 3X leveraged FANG+ ETF in the entire market: FNGU .

- zSplit


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