$AMZN TOP 20
Added 2024-06-30 17:22:53 +0000 UTCWe got the breakout this week that we have been waiting for.
We added back to our position as the price was knocking on the breakout level a number of times.....we waited, the set up came and then we bought heavy and now we are being rewarded.
I have added the 1hr chart here so we can see the movement on Friday, I believe a retest of the breakout level at $191 can come next and if the price can hold here, then we have our buy signal to add again if we wish
It is as simple as that and that's why buying these Mega Caps is very attractive, their price action is a lot easier to follow compared to high volatile stocks, where there are wild swings.
A slower moving price action, retesting of Fib and support levels is something we can easily benefit from.
