The Long Investor

$AMZN TOP 20

Added 2025-03-04 16:37:44 +0000 UTC

$AMZN has one of the strongest growth trajectories of all of the Mega Caps and is back to its 200 Day MA

And some will be wondering how such a strong company can be in this undervalued position but this is how the market works, it is not rational in the short term and the price will always have a habit of resetting at important moving averages.

Price is at $200 now and losing the 200 Day MA then we must start to consider that the Melt up scenario will be ruled out but I believe a bounce does come next before this confirmation, whether its a Wave B bounce or moving in an impulse wave then we still need to see

I am still holding my position and will be DCA'ing back into $AMZN under the 0.5 Fib at $162.

Always remember that the market uses Wave B to exit a position, which is why we call it the exit liquidity wave sometimes, so I do not believe selling right now makes sense, I would wait for a bounce next.