I just added another x1 position to my long-term portfolio in Amazon (AMZN) at $204.
We are buying the ultimate infrastructure play at a major technical reset.
📉 The Setup: Technical Floor & Valuation Disconnect
Amazon has been consolidating, and this $204 level represents a massive opportunity to front-run the next leg up.
Support / Resistance 📈📉:
Support: We are currently trading right at a major support level ($200~205).
Resistance: $211, $215
P/E Compression (72% Below Average): AMZN is currently trading at a P/E of ~28x. Compared to its 10-year historical average of 102x, we are buying the stock at a 72% discount to its usual valuation. Even against its 5-year average of 66x, this is a deep-value steal. 📉✅
Invest safe, Tiger friends![Allin]
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