Amazon is at an interesting juncture. On one hand, the big projection target is higher. For AMZN to go another 27% higher to tag that target, in this environment seems pretty unlikely. Yet, on the other hand, we have a correction ongoing and perhaps a nice little C wave comes which allows us to BUY AMZN to take up to the new high shown? Either way, an interesting juncture for AMZN.
