What a difference a week has made for $AMZN, from making a new ATH at $189, to losing the 50 Day MA today below $177.
$AMZN needed to make a new ATH with all of the Mega Caps to make a Wave 5 and remarkably the timing was uncanny, as it has marked the top so far but in conjunction with a lot of negative catalysts too.
There is a long way to go here and earnings are due on the 30th of April, so plenty of twists and turns before we start buying heavy again but this is my number 1 Mega Cap to buy in Wave C
Casey K
2024-04-19 15:41:30 +0000 UTC