$AMZN TOP 20
Added 2024-07-18 14:58:47 +0000 UTC$AMZN is below the blue support line and the 50 Day MA but this has happened twice now since April and each time it has moved to a higher high, even the route back to the Bezos selling line at $200 would give a tidy profit from here.
We can see that support was found on a support trend line today, in line with the last 2 times the 50 Day MA was lost.
Earnings date has not been announced but I expect it to be soon and I expect it to be a beat....we just can't say what the guidance will be like
Remember, $AMZN has never announced any substantial share buybacks or offered a dividend, they continue to be in a growth phase.
It's hard to deny the attractiveness on show right now.
