$AMZN TOP 20
Added 2024-03-24 16:34:12 +0000 UTC$AMZN is still fighting to achieve $188 and the bulls are showing their teeth now and although the price action is still staying within the yellow channel, there is still a drift up and the red neckline was recaptured as support this week.
The $180 level was also hit this week....so only a 5% gain needed now to hit that $188 level.
This is also why I did not sell my full position in $AMZN and just sold 40%, as it was looking stronger than the other Mega Caps but was happy to take the risk and leave the remaining gains left to a reduce amount.
I am still expecting an ABC pull back and when it hits the 0.5 Fib, I will add aggressively back into $AMZN.
Fed Powell gave a lifeline to the bulls this week and for me, it has just delayed the inevitable market pull back.
