Amazon (AMZN) Stock Summer Prime Day Discount Sale

Companies / Amazon Jun 01, 2021 - 01:29 PM GMT

2. AMAZON - $3312

Amazons stock price is up 7.5% on my last update when I considered it fair value, though now it looking a little pricey with it's EC rising to 66, so I cannot see how Amazon can have much upside in the immediate future. Not a good buy at current levels so the Buy % is 35%.

Clearly Amazon is in a trading range pending a breakout higher, though I don't see how that breakout can happen right now, so the most probably destination is for Amazon to trade down towards the bottom end of the trading range of around $3000, a 10% drop which would make Amazon a much more attractive price to accumulate Amazon at just as was the case in February. Thus the Buying level for Amazon is $3020, with the price expect to spike down as low as $2900. Looking at the past, then it's possible that Amazon could spend the remainder of 2021 stuck in this trading range waiting for earnings to play catchup.

TOP AI Mega-trend Stocks Analysis

The rest of this extensive analysis that concludes in buying levels for AI tech stocks. AI Stock Buying Levels, Ratings, Valuations and Trend Analysis into Market Correction has first been made available to Patrons who support my work.

Contents:

TESLA
Cathy Wood ARK Funds CRASH!
India Apocalypse Heralds Catastrophe for Pakistan and Bangladesh
Covid-19 in Italy in August 2019!
Stock Market Early Summer Correction Trend Forecast
Stocks Expensive or Cheap Indicator (EC)
AI Stock Buy % Rating Review
1. GOOGLE - $2398
2. AMAZON - $3312
3. MICROSOFT - $252.5
4. APPLE - $130
5. FACEBOOK - $320
6. NVIDIA - $592.5
7. AMD - $78.8
11. IBM - $145.5
12. INTEL - $57.7
AI Stocks Buying Levels Update May 2021
So what am I going to do
GPU Mining FREE MONEY!
CHIA Crypto Farming with Your Hard Drives Insanity!

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Invest and Forget
Stock Market Early Summer Correction Review
AI Stocks Strength vs Weakness
RAMPANT MONEY PRINTING INFLATION BIG PICTURE!
HIGH RISK STOCK BUYING LEVELS
RISK RATINGS
WESTERN DIGITAL - WDC $71 - CHIA! - Risk 1
Life Sciences Biotech Smaller Cap High Risk Stocks Investing Binge
Biotech stock 1 - Cheap Low Risk Pharma - Risk 1
Biotech stock 2 - HIGH RISK GENE EDITING - Risk 9
Biotech stock 3 - Low Risk 2
Biotech stock 4 - X10 for Max Risk 10
High Risk Stocks Portfolio Buying Levels
Covid India Black Mold Epidemic
Bitcoin and Raven Coin Buying Levels

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Nadeem Walayat

http://www.marketoracle.co.uk

Nadeem Walayat has over 30 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

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