$AMZN TOP 20
Added 2024-03-10 19:12:47 +0000 UTCContinues to still behave stronger than $AAPL and $GOOG but we saw signs of breaking down this week, which is why we sold 20% of our position in $AMZN at the start of the week
Price broke down from its bearish ascending wedge formation and rejected again at the top yellow line...to finish the week below the 50 MA on the 1hr chart.
200 MA on the 1hr is at $170, a break down from this level will trigger me to sell another 20% and I am happy to complete my selling of $AMZN then and will wait to buy again when this comes lower to complete an ABC correction.
