Jun. 26 at 12:09 PM
$AMZN think we know next day or two if yesterday's break of 200 day MA was just a quick "shakeout & go", or a more sustained move down to key GEX levels at 225 and 220.
Or ride gap back down to 210 or even to former spring lows at 194ish for dbl bottom. The 194ish level is trendline since its IPO and has NEVER broken it! Wld need a .com type event for that.
Risk reward is good here as a drop to 194 is only 14% more downside and will be bought like a mofo and not stay down there many days vs. the 50% upside based on conservative
$10/share EPS 27' or >
$300 stock and
$800 stock in 2030.
Most popular chart on X is FCF going red next 5 months 2h 2026 and they don't show 2027 FCF inflection 9-12 months from now when FCF inflects back up and then booms from there to 2030.
When semis peak on this ridiculous 90% margin inflation and flip back to hyperscalers on any whisper of moderated capex growth guidance this will be a vicious ride back up. GL
