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How to Protect your Wealth by Investing in AI Tech Stocks

Amazon (AMZN) Stock Summer Prime Day Discount Sale

Companies / Amazon Jun 01, 2021 - 01:29 PM GMT

By: Nadeem_Walayat

Companies

2. AMAZON - $3312

Amazons stock price is up 7.5% on my last update when I considered it fair value, though now it looking a little pricey with it's EC rising to 66, so I cannot see how Amazon can have much upside in the immediate future. Not a good buy at current levels so the Buy % is 35%.


Clearly Amazon is in a trading range pending a breakout higher, though I don't see how that breakout can happen right now, so the most probably destination is for Amazon to trade down towards the bottom end of the trading range of around $3000, a 10% drop which would make Amazon a much more attractive price to accumulate Amazon at just as was the case in February. Thus the Buying level for Amazon is $3020, with the price expect to spike down as low as $2900. Looking at the past, then it's possible that Amazon could spend the remainder of 2021 stuck in this trading range waiting for earnings to play catchup.

TOP AI Mega-trend Stocks Analysis

The rest of this extensive analysis that concludes in buying levels for AI tech stocks. AI Stock Buying Levels, Ratings, Valuations and Trend Analysis into Market Correction has first been made available to Patrons who support my work.

Contents:

  • TESLA
  • Cathy Wood ARK Funds CRASH!
  • India Apocalypse Heralds Catastrophe for Pakistan and Bangladesh
  • Covid-19 in Italy in August 2019!
  • Stock Market Early Summer Correction Trend Forecast
  • Stocks Expensive or Cheap Indicator (EC)
  • AI Stock Buy % Rating Review
  • 1. GOOGLE - $2398
  • 2. AMAZON - $3312
  • 3. MICROSOFT - $252.5
  • 4. APPLE - $130
  • 5. FACEBOOK - $320
  • 6. NVIDIA - $592.5
  • 7. AMD - $78.8
  • 11. IBM - $145.5
  • 12. INTEL - $57.7
  • AI Stocks Buying Levels Update May 2021
  • So what am I going to do
  • GPU Mining FREE MONEY!
  • CHIA Crypto Farming with Your Hard Drives Insanity!

So for immediate first access to ALL of my analysis and trend forecasts then do consider becoming a Patron by supporting my work for just $3 per month. https://www.patreon.com/Nadeem_Walayat.

Including my most recent analysis: Five More Small Cap Bio and Tech Stocks to Invest for 2021 and Beyond!

  • Invest and Forget
  • Stock Market Early Summer Correction Review
  • AI Stocks Strength vs Weakness
  • RAMPANT MONEY PRINTING INFLATION BIG PICTURE!
  • HIGH RISK STOCK BUYING LEVELS
  • RISK RATINGS
  • WESTERN DIGITAL - WDC $71 - CHIA! - Risk 1
  • Life Sciences Biotech Smaller Cap High Risk Stocks Investing Binge
  • Biotech stock 1 - Cheap Low Risk Pharma - Risk 1
  • Biotech stock 2 - HIGH RISK GENE EDITING - Risk 9
  • Biotech stock 3 - Low Risk 2
  • Biotech stock 4 - X10 for Max Risk 10
  • High Risk Stocks Portfolio Buying Levels
  • Covid India Black Mold Epidemic
  • Bitcoin and Raven Coin Buying Levels

My analysis schedule includes:

  • Bitcoin Trend Forecast - 50% done
  • More X10 Biotech Tech Stocks - 40% done
  • UK House Prices Trend Analysis - 10% done
  • How to Get Rich! - 70% done
  • US Dollar and British Pound analysis
  • Gold and SIlver Price Analysis
Again for immediate access to all my work do consider becoming a Patron by supporting my work for just $3 per month. https://www.patreon.com/Nadeem_Walayat.

And ensure you are subscribed to my ALWAYS FREE newsletter for my next in-depth analysis.

Your analyst locked an loaded for the next AI stocks discount sale that should soon start to materialise as per my forecast of 11th Feb..

Nadeem Walayat

http://www.marketoracle.co.uk

Copyright © 2005-2021 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.

Nadeem Walayat has over 30 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

Housing Markets Forecast 2014-2018The Stocks Stealth Bull Market 2013 and Beyond EbookThe Stocks Stealth Bull Market Update 2011 EbookThe Interest Rate Mega-Trend EbookThe Inflation Mega-trend Ebook

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

Nadeem Walayat Archive

© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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