$AMZN TOP 20
Added 2024-04-21 17:40:00 +0000 UTCThis has been textbook for us.
We waited for months for $188 to hit at the ATH line and the price rejected immediately after hitting it and in the space of just a few days, the price action has decreased lower than where I sold 40% of my position......where a lot of that profit was put into Silver and that jumped +20%. So this has been a good move for us
I am excited also to see this moving down lower so I can buy a lot of it.
$AMZN was 50% of my portfolio during the year as we made the decision to buy $AMZN instead of buying the $SPY, which turned out to be a good decision because it jumped 80% over the last 12 months.
I will start buying $AMZN again if it can go to its 200 Day MA which is at the $147 level now and the 0.38 Fib and I will accumulate for as long as the price stays below this level.
I still expect a retest of the 50 Day MA over the next few weeks from below, especially around earnings.
