What is causing Amazon stock to rise this week? Should i buy into AMZN?

Hi anon, stocks rise/fall for a variety of reasons in the short-term. But what matters is the long-term growth in share price, and this is driven by Amazon's business fundamentals.

More about Amazon as a business here: https://blog.seedly.sg/amazon-nasdaq-amzn-tence...

I dont know why it rise, i dont read news😆, but i know Amzn is a good company. Is always a good idea to hold it for long term. But a good entry point is also important. 1 shares now is USD3480+, at this kind of price is really difficult to DCA, so is better to lump sum.

Look at the monthly chart. Strong support ~@$3200, strong resistance @current price. But the candle look bullish. Look at the day chart, it is very far from the moving average (curvy line), the price will alway retrace back to the average, thus i will hold my $$$ 1st. Enter when near the line.

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