$AMZN TOP 20
Added 2024-05-26 16:20:53 +0000 UTCInteresting here from $AMZN, finished the week below its 50 Day MA which seems out of character for the Mega Caps right now.
The double top is also something we need to monitor too.
The 50 Day MA could easily be recaptured to start the week off on Tuesday, so very little should be done on seeing this right now.....we always need a confirmation of a support or resistance.
My position in $AMZN is likely not going to change here for some time until I see a correction, and then I will be adding after Wave C....and I certainly won't be adding here to squeeze every last drop out of $AMZN.
I would rather use my cash to buy silver or earn a secure return.....it must be noted that $AMZN was my biggest position and I sold 50% to go into cash, I used a lot of this cash to buy Silver and that has returned close to 30% for me now.
So we managed to reduce our risk and buy a safe haven and still outperform $AMZN from the point we sold by over 20%.
