The Long Investor

$AMZN TOP 20

Added 2024-01-15 19:42:28 +0000 UTC

If $AMZN has completed its Subwave 2 of Wave 5 at the start of the year then it was slightly on the weak side but the 50 Day MA provided a strong support for them.

Not enough of a pull back for me to add to my position, so I left my potential $AMZN allocation in $GOOG which is now up 9%.

So sometimes it is good to stay in cash and sometimes it is good to keep your money in a stock that is looking incredibly bullish and even if it only makes 5-10% gains, it is still better than sitting idle.

I will likely leave my $GOOG position now and watch it complete Wave 5.

I see no changes to $AMZN, I am expecting it to test its All time high line at $188 with very little issues over the next 2 months.