$ONLN Getting that attack done on the 50EMA. Its been a whileTop holdings in this ETF to track for a top down macro analysis now that ETF is showing signs of life: $AMZN, $BABA, $EBAY, $JD
ONLN trade ideas
ONLN Price Target $39 by Jan 2023This is purely an Amazon play, but ONLN is now trading below Pre-IPO levels. I believe that its exposure to Amazon, alongside other names that have seen a brutal sell-off (MELI, BABA, EBAY), makes it an excellent long-term buy for traders looking to find a great cost average entry point for the long term. We have to remember that Amazon is a great business still experiencing 20%+ YoY EBITDA growth and is sitting on 96bn dollars of cash. I also expect Amazon to see further price appreciation with its upcoming 20-1 split.
