Ticker: AMZN
Description of why you are requesting DD: While browsing SPY tickers, I noticed how AMZN had pattern of climb followed by period of stagnation which it seems to be in right now. Trading Floor discussion yielded some bearish sentiments from 2021’s holiday sales suspected of being muted. My own intuition tells me that e-commerce should have done better than brick and mortar stores due to COVID restrictions/fears. Finally, this long period of stagnation is very strange to me and I think a bull run is long overdue, but I do recognize there are a lot of bear forces in play such as the rate hikes.
Applicable links to news articles or Reddit analysis: n/a
Some relevant graphs in question.
