Amazon.com, Inc. (AMZN) is one of the super and best stock to buy as of April 13, 2019. It’s a big cap growth stocks with strong fundamentals and technical action. Let’s look at the stocks technical actions using a weekly chart.
2. The stock was on a long consolidation in late 2017.
3. Then the stock had a solid run after that.
4. The stock had a quick but wild consolidation. Even it lost the 50 day moving average line support.
5. The stock had another solid run after that.
6. The stock found at the 50 DMA line during most of the run.
7. Then stock had wild consolidation in late 2017 and early 2018,
8. The stock appears to be in a quick consolidation, now.
9. The volume wasn’t that bad during the bounce back.
10. The buy point would be $1823.85 – $1915.04.
