The Amazon chart has "bubble" written all over it. I don't know when it will pop and neither does anyone else but the market eventually hate exponential increases. Here is the long term chart. If this is a 5th wave (which it may well be) expect a pull back to the prior 4th (about $180). Such pullback would likely be a dramatic "vee" style move because the last pullback of this wave degree was a sideways move:
Here is a closer chart which may be showing the shares in the final stages of an ending diagonal. The revelation of poor holiday sales could easily dampen retailer investor confidence and I think fear of higher health care costs will clearly impact holiday buying.
Time will tell but Amazon looks frothy even without considering its forward PE of 146 and change:
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