$AMZN TOP 20
Added 2024-06-20 11:53:22 +0000 UTCI would be lying if I said I have not been considering buying a sizeable position in $AMZN if I feel like this will break out with enormous power to the upside and start picking off these higher Fib levels in a melt up.
I sold 50% of my $AMZN position at $179, so I am in and around my cost basis point but I put a lot of that money into Silver which is up over +20% right now....so it was the smart decision to make.
But in terms of risk v reward here, if $AMZN breaks out to the upside, this could run and even if it only went to our initial Wave 5 target at $210, it is still another 10% gained.
I am watching this closely, there is a bullish set up there.
I will let you all know if I make the decision.
Comments
I've pulled the trigger. Bought in pre market.
Zakir Hossen
2024-06-20 13:40:34 +0000 UTCI've done it. A consolidation like this makes a massive upward move 99% of the time. AMZN is essentially flat for 3 years, which makes no sense.
Shaleen Deep
2024-06-20 13:32:40 +0000 UTCSure Caps.. it's a matter of time though. Either AMZN crosses 200 and market reverses or market reverses before AMZN crosses
RM
2024-06-20 12:00:23 +0000 UTC
