$AMZN TOP 20
Added 2023-12-14 06:59:01 +0000 UTC$AMZN has got the breakout from this wedge that we uploaded last weekend, since this was looking bullish, the plan was to add $GOOG if they could hold their 0.618 Fib at $133 as this had pulled back sufficiently....both situations played out, $AMZN broke out and $GOOG held its level and is also showing signs of bouncing now.
$AMZN has been a fantastic earner this year for us and I am happy with the further potential upside here but $GOOG pulling back and a further diversification into another stock is something I am always open to.
The bottom of the wedge trend line, was very close to the 200 Day MA and this meant that it was a potential confluence level and it certainly was....the pull back was shallow but this is a bullish market and it is setting the town for the rest of this Wave 5 rally.
