AMZN PT $3800I am not overly confident in this play as i feel once IWM completes it 100% retracement there will be a pull back in the market, especially getting closer to the election. But if my theory is wrong, Amazon like $TSLA and $AAPL should be the next big mover. I do expect AMAZON to follow suit and eventually do a stock split. This will most likely occur once we pass $3600. My other theory on this is that Jeff Bezos and Elon hate one another. After TSLAs stock split, it will probably very quickly get back to $1000/share making or potentially making Elon the richest person in the world. The only way to combat this is by AMZN doing a stock split to make their stock more affordable for Robinhooders. Depending on the election, I anticipate Jeff Bezos to be worth $500 billion by next year.
Jeffbezos
LONG AMZN! Broke out of Flag and Over 3200 ResistanceThe picture says it all...Scratch my last post about shorting QQQ, it is a large portion of it's holdings as Amazon, so might as well long QQQ too if you can't afford AMZN shares. Don't short anything right now, travel and banking sectors are somewhat recovering and people will not rotate out of tech, this will push SPY and QQQ to new heights.