If you think $AMZN is overextended, it is time to think again. While the stock market has been making new highs, the company has actually been trading in a very well defined sideways pattern since July 2020. Those of you looking for an opportunity to enter the stock may find that anything below $3,500 is a solid deal. Meanwhile, a retest and breach below $3,000 could spell trouble for $AMZN holders. I hold $AMZN in a few accounts, and this will be interesting to watch.
