📊 Technical Analysis:
Amazon's stock continues to show impressive strength, breaking past the $200 and currently trading at $217.94. This surge aligns with the typical year-end "Santa Claus rally," where stocks often benefit from increased retail activity and market optimism. With consumer spending on the rise and seasonal trends providing a tailwind, Amazon could see continued upside as we move deeper into the holidays.
📰 Fundamentals:
🟢 Amazon sees a boost from rising e-commerce demand and growing Prime memberships.
🟢 Despite earlier challenges, AWS remains a key revenue driver in the cloud sector.
🟢 Operational streamlining and profit focus have increased investor confidence.
💡 My personal near-term target is around $240-$250, supported by seasonal trends and potential macroeconomic recovery.
*This is not financial advice.
Amazon's stock continues to show impressive strength, breaking past the $200 and currently trading at $217.94. This surge aligns with the typical year-end "Santa Claus rally," where stocks often benefit from increased retail activity and market optimism. With consumer spending on the rise and seasonal trends providing a tailwind, Amazon could see continued upside as we move deeper into the holidays.
📰 Fundamentals:
🟢 Amazon sees a boost from rising e-commerce demand and growing Prime memberships.
🟢 Despite earlier challenges, AWS remains a key revenue driver in the cloud sector.
🟢 Operational streamlining and profit focus have increased investor confidence.
💡 My personal near-term target is around $240-$250, supported by seasonal trends and potential macroeconomic recovery.
*This is not financial advice.
📈 6 years in the financial markets! Join my Telegram for exclusive insights.
Telegram Link: t.me/charts_M7M
Telegram Link: t.me/charts_M7M
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
📈 6 years in the financial markets! Join my Telegram for exclusive insights.
Telegram Link: t.me/charts_M7M
Telegram Link: t.me/charts_M7M
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.