Is Amazon a buy now?

It depends on your timeframe. If you are a long term investor (10 years or more). Yes it's a buy. But don't expect it to have the same level of growth as before in the near term.

If your investment timeframe is up to 2-3 years, hold or underweight(if you have bigger postion) as current macro regime doesn't favor it and there are better opportunities.

Buy. Different stock, different pattern. Amzn always this pattern. Must be patient, wait for it to pop. Now near 50 SMA

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