$AMZN TOP 20
Added 2024-09-12 18:11:59 +0000 UTC$AMZN strong bounce out of the bullish wedge, the wedge breakout line was also the 50 Day MA, so once this was cleared the price had no issue moving higher, along with positive market sentiment yesterday and today.
Wave B is at the blue line at $188, this is where we expect a battle between the bulls and bears
Wave B can go as high as the ATH line at $200, where we know Bezos was offloading Billions of dollars worth of stock.
So we will start by monitoring how the $188 level is handled.
I will not trim on a test of $188 or $200, I am looking for a firm rejection, otherwise I will give this every opportunity to continue moving higher
At $188 we will be up 21% from our last buy at $160, so we are very happy with our performance here.
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