$Amazon.com(AMZN)$ We know traditionally daily volumes from now until the 2nd week of Jan are quite low across the board in the stock market, plus we know tax loss selling is already nearing it's end as far as the bigger sellers are concerned, and we know that the news is very bearish toned for both 2023 and the tech stocks. You can bet there's a bounce coming and it may happen before the end of this month as the powers to be probably want a higher print for 2022 so it doesn't look as bad as it actually was. Either way a bounce is coming soon, you can expect Amazon to hit at least $95, maybe it will hit $110 if the big sellers are out for good.
My prediction: 12 months from today Amazon will be $140-$150.
Thanks.
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