$Amazon.com(AMZN)$ $Alibaba(BABA)$ $PDD Holdings Inc(PDD)$ π€π $AMZN Double Top Retesting $200 ππ€
I believe $AMZN keeps getting cheaper and cheaper, a highly underappreciated company. The weekly chart shows a clear double top with support at $200, resistance at $240, and probability-weighted targets pointing toward $190. Historical precedent suggests compression at these levels often resolves lower, though my base case sees stabilisation near $200. They are going to own the largest army of robots. Upside looks capped near $240 unless valuation rerates from its current 13.49x EV/EBITDA.
Happy trading ahead, Cheers, BC πππππ
@Tiger_comments @TigerStars @TigerPM
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