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Posted by
Two Blokes Apr 18 -
Filed in
Stock
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2 views
I am upgrading Amazon to a "strong buy" due to its excessively cheap forward valuations after significant price drops and potential for upside earnings surprises. Despite negative guidance and foreign exchange risks, Amazon's forward price-sales ratio is the cheapest among the Mag-7, supporting a bullish outlook. Key support levels include $151.61, with potential bullish reversals targeting $192.65 and $211.65, driven by strong statistical probabilities and Elliott Wave counts.
