The Time to Accumulate and Buy Great Companies is Here
After witnessing the largest drop in S&P 500 in a week since the global financial crisis in 2008, we have seen the prices of many fundamentally good companies tumbling from being overbought such as AMZN. Thus, with AMZN prices falling to its support at 1850 as well as being supported by its long-term trendline, we can expect prices rising back to 2030 then to its all-time high. This provides an excellent for both short-term traders and long term investors to ride a potential rebound to the upside.
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