Long

Bullish on Amazon after dip

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I think Amazon will see some nice gains in the near future, maybe so highs even. When we broke that $982 support line earlier we saw rises in excess of $1050. If history repeats itself we could see this again and then some. This is my forecast of future price action, will be interesting to see how it plays out :)

Note

This is a bold forecast I know. Even with a PEG ratio of 10, which is ABSURD I still think there is some viability here.

MichaelBlach

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