Stock Investments: Amazon.com $AMZN broke down and slipped below its major support (SMA200) but recovered nicely and is now sitting a little above SMA 50.
I am a long term investor so the price action does not really bother me, atleast for Amazon.com. I do think these below SMA200 instances are a good buy point for those interested to invest for long term in $AMZN.
I am a long term investor so the price action does not really bother me, atleast for Amazon.com. I do think these below SMA200 instances are a good buy point for those interested to invest for long term in $AMZN.
The fundamentals are great and so to me, its one of the buy and forget type of a stock, atleast for now.
I remain bullish but I could also be wrong. Its the stock market, the longer you hold on to great companies, the right your long term views become.
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