Ater 7 bullish years, AMZN has experienced a -16% decline since 2022..!
It doesn't look like a bullish year and if AMZN goes down another 4% Bearish trend will be official!
-30% decrease in Price volume in 2021 in comparison to 2020 clearly shows AMZN is not considered an attractive investment anymore!
P/E 55 has a lot of room to correct in the high inflation era and slowed economy ..!
Do not forget MacKenzie Scott promised to sell all her shares!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
It doesn't look like a bullish year and if AMZN goes down another 4% Bearish trend will be official!
-30% decrease in Price volume in 2021 in comparison to 2020 clearly shows AMZN is not considered an attractive investment anymore!
P/E 55 has a lot of room to correct in the high inflation era and slowed economy ..!
Do not forget MacKenzie Scott promised to sell all her shares!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.