The Long Investor

$AMZN TOP 20

Added 2024-02-18 18:44:49 +0000 UTC

I am being optimistic here with $AMZN for one simple reason, it has lagged the market now since October '22.

It is still down considerably from its ATH line at $188 (while the market and other Mega Caps have all hit their previous ATH lines) and I believe its moat and revenue with increasing margins will help this move higher over the next 2 months.

But my admiration for $AMZN will not cloud my vision.....if and when the market starts its correction which may be around $188 for $AMZN, I will strongly look at trimming my position here, in order to buy lower.

I am also keen to add $AMZN if it retests $159 too or lower to catch the next legs up to complete Wave 5.