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Amazon.com Inc AMZN

Alternate Symbol(s):  N.AMZN

Amazon.com, Inc. provides a range of products and services to customers. The products offered through its stores include merchandise and content it has purchased for resale and products offered by third-party sellers. The Company’s segments include North America, International and Amazon Web Services (AWS). It serves consumers through its online and physical stores and focuses on selection, price, and convenience. Customers access its offerings through its Websites, mobile apps, Alexa, devices, streaming, and physically visiting its stores. It manufactures and sells electronic devices, including Kindle, Fire tablet, Fire TV, Echo, Ring, Blink, and eero, and it develops and produces media content. It serves developers and enterprises of all sizes, including start-ups, government agencies, and academic institutions, through AWS, which offers a broad set of on-demand technology services, including compute, storage, database, analytics, and machine learning, and other services.


NDAQ:AMZN - Post by User

Post by TradeSni38per91on Nov 26, 2024 9:49am
28 Views
Post# 36330942

AMZN: Big Tech Pullback or Opportunity to Load Up

AMZN: Big Tech Pullback or Opportunity to Load UpAlright, guys, I’ve been watching $AMZN closely and it’s been a wild ride lately. The stock has been looking pretty solid after that last earnings beat, especially with AWS continuing to fire on all cylinders. But I’m seeing some resistance around that $145–$150 zone, and it feels like the stock’s been cooling off a bit.Here’s the thing—Amazon’s got so much going for it long-term. The growth in AI, their Prime ecosystem, and the retail monster that keeps getting stronger every year. But I wouldn’t be surprised if we see a small pullback in the short term. Maybe back towards $135–$140 before it bounces again.If you’re holding long-term, no need to sweat, but if you’re playing short-term swings, keep your eye on that 50-day moving average—it’s a key level to watch. I’m definitely tempted to add more if it dips a bit more, but I’m also not ruling out the possibility of some chop here in the next couple of weeks.At the end of the day, Amazon is Amazon, and the fundamentals are still solid. But don’t be afraid to take profits if you’re in the green. I’ve seen this stock pull back before, and it can get choppy during earnings season with the volatility creeping in.Also, I’ve been keeping an eye on $BOLT—I’m hearing whispers that it could really take off soon, especially with the electric vehicle and micro-mobility trends gaining traction. If it starts moving, don’t be surprised if it has a big spike. Definitely watching both these names closely.Let’s see how the broader market reacts this week—could be a good chance to load up on AMZN if you believe in the long-term story. Keep an eye on sentiment, though, because if we hit a macro pullback, tech could get a rough ride for a while. Always good to stay nimble.
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