I never thought I'd see AMZN trading at these lows, but here we are. Starting to base off covid lows of about $81. Last time this level was hit, there was a quick increase in share price. Realistically it's catching a falling knife, but if this is the temporary bottom (which I think it is) I wouldn't be scared of taking a long position targeting 101.97. Also hedge with long-dated puts
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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.