$AMZN TOP 20
Added 2024-11-03 18:36:06 +0000 UTCWe needed two things from $AMZN this week.....a great earnings and Bezos to remove his sell order.
We got one but late Friday it was revealed that Bezos has a Sell order of $3 Billion in.
This is a $2 Trillion + company, I think the order will be bought and a new high can be made.....but it needs to be said that this is going against the grain of the other Mega Caps right now, so we still need to be vigilant of firm rejections now at the $200 level.
So far we wait, the analysts were very bullish post earnings with an average PT of $240....which is a 12 month target.
None of this should be a surprise to anyone but thankfully our last Buy was at $160 so we have made strong gains here over the last few months, we have already surpassed the Wave B target, unlike $GOOG.
I will give $AMZN every chance to break down this $200 wall before considering trimming.
