In 2021, we posted an important forecast on stock Amazon, and if you check so far, Amazon is moving exactly as predicted.
After making a major bottom in January 2023 @81.43 ,
Amazon is rising nonstop went as high as @155.63
Today’s update is important for traders as well as investors who are invested in Amazon stock.
Long-term forecast of stock Amazon is in front of me
This long term forecast of Stock Amazon is clearly indicating that year 2024’s uptrend is the last upleg in stock Amazon.
Amazon will end its bull rally in 2024, and the top of 2024 will not be retested till 2031.
Read it again.
The high of 2024 in stock Amazon will be a major top, and to retest this top stock Amazon needs to wait for 7 years until 2031.
So stock Amazon is a great short in 2024, and investors are suggested to exit their long in 2024.
But this is only half of the information;
to make money in this trade, we need more information,
like:’
A. On which date will Amazon make its final high of the year 2024?
b. what will the high of stock amazon for year 2024 (the price level) ?
c. After making the top in 2024,
how long will Amazon fall (date of major bottom)
how low will it go (the price level of major low)
so that traders can book profit in their short positions and
simultaneously traders and investors can go long to catch the bull run till 2031 ?
All this information is available for subscribers to the long-term forecast of Amazon stock (year 2024 – year 2031)
I hope you find this information useful.
best wishes
