King Bezos skirted out the back door of Amazon leaving everyone else holding the bag. AMAZON IS THE FIRST COMPANY IN HISTORY TO LOSE $1 TRILLION IN MARKET CAP. AMZN peaks at 189 one year ago and does a swan dive off the cliff of despair. Amazon collapses from 189 to 86 a -55% crash wiping out over $1 trillion in value. ONE TRILLION DOLLARS! Price is now at 98 representing a -48% crash off the top and current valuation at $999 billion. Scamazon is not even a $1 trillion dollar company anymore let along $2 trillion.
Any parent that gave their kid AMZN stock for Christmas in December 2019, December 2020 or December 2021 regrets the gift since the stock is either flat or has lost money. Little Jimmy said he wanted a bicycle but now he is a bagholder.
The chart is a weekly chart and you can clearly see the possie d that bounces price off the bottom (green lines/arrow). The daily chart also popped on the positive divergence and likely has more upside ahead on the daily basis. The MACD on the monthly chart is weak and bleak so after this bounce plays out for a few days or week or three, it should roll back over and price will drop to match the lows on the monthly basis.
Thus, the short-term is likely up but the stock should remain soggy for a few more months probably lingering in the 85-120 range into 2023. Keystone is not trading AMZN right now long or short. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
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