Amazon.com, Inc (AMZN.NASDAQ)

1 November 2018

Technical Summary: Incredibly the stock of AMZN, one of the largest companies in the world has been a 10-bagger over the last five years. The stock has achieved this virtually without any sort of volatility or drama for shareholders. This is until the last month where the stock has pulled back from highs of over $2000 per share to lows of around $1500. The question from here is whether this pull back in the stock will turn out to be a dip that should be bought or if it is the start of a wider correction or bear market for the stock. Certainly volume has been elevated recently and the stock has shown some strength in the last couple of days, but at this stage it is too early too tell.

Will this pullback turn out to be a dip worth buying or is this just a pitstop to further lows?

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