Amazon touched its bottom for a very brief moment only at around 1600 which is hardly 27 % before investors realised that this will be the big winner of all FAANG included Netflix from this corona virus and then Google and FB
Internet Traffic would have certainly exploded and we already know Amazon is submerged by remote orders with the confinement so they will be no surprise again , same as q4 earnings we know they blew the record with holiday season shipping so again buy before everyone else react to earnings news to make money will be back to 2200 fast
They will all demonstrate how resilient and strong they are as internet based companies
I doubt it will go back to 1600 but if it does then don't miss it again
As of today it only lost 13 % !!!!! which is nothin compared to the ones who lost 80 % plus over the same period and the overall market of +30 %
If you go in go by steps on the way up as we could have again nasty surprise from macro events
Internet Traffic would have certainly exploded and we already know Amazon is submerged by remote orders with the confinement so they will be no surprise again , same as q4 earnings we know they blew the record with holiday season shipping so again buy before everyone else react to earnings news to make money will be back to 2200 fast
They will all demonstrate how resilient and strong they are as internet based companies
I doubt it will go back to 1600 but if it does then don't miss it again
As of today it only lost 13 % !!!!! which is nothin compared to the ones who lost 80 % plus over the same period and the overall market of +30 %
If you go in go by steps on the way up as we could have again nasty surprise from macro events
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.