First of all, I would like to emphasize that this is an idea that does not necessarily have to happen.
However, the situation is not unlikely, as even the biggest winners of the pandemic had to give up at some point. In terms of charts, Amazon is still in a devaluation trend. Should this continue, there may (but need not) be several corrections, supported by the Fibonaccis.
From a fundamental basis, however, it also makes sense: Corona will remain, but no further lockdowns are expected, which does not play into the hands of the S&P giant. In addition, as fuel prices rise, expenses will increase, reducing profits.
The current geopolitical situation, supply chain problems and boycotts alone will make it difficult for many service providers.
Thanks for attention.
What are your thoughts ?
However, the situation is not unlikely, as even the biggest winners of the pandemic had to give up at some point. In terms of charts, Amazon is still in a devaluation trend. Should this continue, there may (but need not) be several corrections, supported by the Fibonaccis.
From a fundamental basis, however, it also makes sense: Corona will remain, but no further lockdowns are expected, which does not play into the hands of the S&P giant. In addition, as fuel prices rise, expenses will increase, reducing profits.
The current geopolitical situation, supply chain problems and boycotts alone will make it difficult for many service providers.
Thanks for attention.
What are your thoughts ?
