$AMZN closed Friday at 251.5. Three weeks ago it was at 253.5. Three weeks of going nowhere. My scanner keeps passing on it. The price sits in a decent spot and the trade looks good on paper, but the stock just isn't keeping up with the rest of the market. And its long-term trend just turned down, joining the short and medium-term ones that already had. It's about 11% below its August high of 284.0, still a little above its long-term trend line. Sleeping giant, or a giant that's quietly losing its place? 🐝
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1 Comments
Leo
@l3onel · 17d
Amzn will be ok that aws and the original business are 🔥 i have ZERO concerns even if it consolidates for ALL of 2027… means we just stack up it will break maybe in 5 yrs but thats ok, it did it before stuck in 220s for a long time
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