The Long Investor

$AMZN TOP 20

Added 2024-08-05 23:08:52 +0000 UTC

Ok, it is now entirely possible that $AMZN has completed its Wave A count now, it has fallen very aggressively, losing its 50 Day, 200 Day and even going as low as in between its 0.38 Fib and 0.5 Fib, this is where we would expect Wave A to complete and this is where I am expecting the $QQQ to complete Wave A too.

So if you want to add to catch Wave B, holding above $155 does make sense.

I am also interested in this option too, so I will be watching for support confirmation above the 0.38 Fib at $155.

Between $155 and $141 was our Buy Zone, catching Wave B and having the option to make profits and trim again before Wave C starts is a possibility I like.

Remember, I will always have $AMZN as a core stock and still have 50% of my original allocation, so if you follow my strategy I expect you would hold for as long as I am prepared to hold for too and that is 5+ years.