AMAZON is on its 3rd historic +1000% growth Bull Cycle.Amazon (AMZN) almost has been trading within a multi-year Channel Up pattern since the Housing Bubble bottom in November 2008 and this month almost touched its 1M MA50 (blue trend-line).
With the exception of the 2008 Housing Crisis and the 2022 Inflation Crisis, which bottomed on the 1M MA100 (green trend-line), the 1M MA50 has never been broken. In fact it has been the key Support of every Bull Cycle that surprisingly has so far peaked on a +1051% rise.
As you can actually see by the 1M RSI, such corrections, like the one in the past 3 months, are quite common within the Channel Up and offer excellent long-term buy entries.
So, technically the Inflation Crisis bottom (December 2022) on the 1M MA100 has initiated Amazon's 3rd historic Bull Cycle within this pattern and based on the previous two, it may also peak after a +1051% rally inside 2028. Our projected Target on this is $900.
Would you miss out on such an opportunity in the past?
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