AMZNBullpending
Stock MoeTarget Range
$249–$256
“I would believe 256 will get hit eventually... 256 down to that 249. Great zone.”
Thesis at the time
BullishStock Moe views Amazon's recent 8% pullback from its highs as a buying opportunity, expecting price to dip into a Fibonacci-based accumulation zone before bouncing. He also wants to build a large long-term position in the stock by year end.
Key arguments
- Stock ran up 25% in a few days then pulled back 8%, which he sees as normal profit-taking
- Reports that big institutions have been buying Amazon
- Fibonacci retracement points to a 249-256 accumulation zone
- RSI near 50 still looks bullish to him as the pullback plays out
Counter-arguments acknowledged
- Stock got 'way overbought' after the pop and could keep falling if support breaks
Hedges and caveats (from the video)
- Creator acknowledges current market bloodbath with major indices down significantly
- Notes that Amazon's recent 8% pullback follows a 25% run-up, suggesting profit-taking by institutions
- Mentions volume analysis showing bears selling more aggressively
- References need for Fibonacci retracement analysis before entry
- Video contains affiliate links and promotional codes for trading platforms and paid memberships
The call
- Date said
- Aug 18, 2026
- Current price (live)
- $254.98✓ target met
- Confidence
- medium
- Specificity
- specific
How it resolved
- Status
- pending
Confidence Reasoning
Specific price zone given but timeframe is vague ('eventually'), so capped at Tier 2 per guidance despite the numeric target.