The Long Investor

$AMZN TOP 20

Added 2024-11-01 12:10:07 +0000 UTC

$AMZN is exactly at the $200.00 level now in the PM, up +7.30% as I write this.

It has produced a blockbuster earnings report, with improvements across the board, so the first hurdle has passed.

The next one and final hurdle is the Bezos sell line, which we know he was aiming to sell Billions of Dollars worth of stock in July and it effectively stopped $AMZN going any higher.....we should be able to confirm today whether or not this sell order is still there.

Analysts came out very bullish for $AMZN today and the Mean PT is at $240 now.

We can see that my Melt Up Scenario which we can call Wave 5 now is at the 2 Fib at $247.....closely in line with the analysts targets.

We don't need to see the $200 level converted to support today but we would like to see $AMZN hold its strength....$GOOG could not hold its strength post earnings due to the weakness in the market.

Let's see if that can change today, with the majority of all reports out of the way now.