$AMZN TOP 20
Added 2024-01-07 19:24:25 +0000 UTCAnother stock that has finally pulled back and has also found support on its 50 Day MA this week after dropping from $155 to $144, it has dropped $11 but I still want to see more downside before adding to my position. Since $AAPL, $GOOG and $MSFT were able to pull back, particularly to the 0.618 Fib, I believe $AMZN can do the same....but I will be happy to start adding around the 0.5 Fib at $137 but paying particular attention to the trend line which has been a strong support line since the start of 2023.
A relief bounce may also come here first too before going lower.
$SPY and $QQQ are both showing that the pull back is not complete it
