Amazon.com (AMZN) could triple in value in the next 1-2 years.
Technical Analysis of Amazon.com Inc. (ticker on Nasdaq: AMZN)
Amazon (AMZN) has shown a very strong development for many years, and the stock is up by an insane 66,500% since the bottom around USD 0.30 in 2001 and until today a share price around USD 200.00.
The share has therefore doubled by more than 650 times since the bottom at USD 0.30 in 2001.
So if you invested USD 10,000 in Amazon at USD 0.30 in 2021, these shares would today be worth more than USD 6,500,000!
Now the share may have further potential to rise by around 200 per cent more over the next 1-2 years.
The Amazon share thus shows a very strong development both in the short and long term, and within an upward trend.
Further strong growth is signaled for this share, which is therefore one of the world's five largest companies.
The long-term trend within which the share moves signals a potential for the share up to around USD 600.00 in 1-2 years' time.
This implies a potential for an increase of a solid 200 per cent for the share in the next 1-2 years.
It will be 'little' compared to the 66,500% that the share is up from 2001 to 2024, but there is still considerable potential for the share in the next 1-2 years.
A new strong technical buy signal has recently been triggered for Amazon stock, after it broke through a key technical resistance level around $190.00.
There is now significant technical support for the stock around USD 190.00, and in case of any corrections down.
Now there is little technical resistance further upwards for the Amazon share, and where the potential that is indicated is up towards the USD 600.00 level in the 1-2 year term.
This is in accordance with the long-term positive trend, within which the share has moved since 2001 (cf. chart).
Amazon (AMZN) has shown a very strong development for many years, and the stock is up by an insane 66,500% since the bottom around USD 0.30 in 2001 and until today a share price around USD 200.00.
The share has therefore doubled by more than 650 times since the bottom at USD 0.30 in 2001.
So if you invested USD 10,000 in Amazon at USD 0.30 in 2021, these shares would today be worth more than USD 6,500,000!
Now the share may have further potential to rise by around 200 per cent more over the next 1-2 years.
The Amazon share thus shows a very strong development both in the short and long term, and within an upward trend.
Further strong growth is signaled for this share, which is therefore one of the world's five largest companies.
The long-term trend within which the share moves signals a potential for the share up to around USD 600.00 in 1-2 years' time.
This implies a potential for an increase of a solid 200 per cent for the share in the next 1-2 years.
It will be 'little' compared to the 66,500% that the share is up from 2001 to 2024, but there is still considerable potential for the share in the next 1-2 years.
A new strong technical buy signal has recently been triggered for Amazon stock, after it broke through a key technical resistance level around $190.00.
There is now significant technical support for the stock around USD 190.00, and in case of any corrections down.
Now there is little technical resistance further upwards for the Amazon share, and where the potential that is indicated is up towards the USD 600.00 level in the 1-2 year term.
This is in accordance with the long-term positive trend, within which the share has moved since 2001 (cf. chart).
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