$AMZN TOP 20
Added 2024-01-21 15:42:11 +0000 UTCIt still amazes me how $AMZN is so far below its ATH line at $188 while the other Mega Caps (tesla exception) and the market is pushing to their top lines.
This has been one of the main reasons we have been bullish of $AMZN for the last 13 months and why we have taken advantage of any significant dips, our last buy was at $118 in October.
Subwave 2 of Wave 5 may be complete here too after holding at the 50 Day MA in between the 0.236 Fib and 0.38 Fib, it was shallow but the market (mainly pulled up by $NVDA and $AMD) decided that the market is going to stay aggressive and bullish.
I do not see how $AMZN does not continue to drift to $188 over the next few months....another increase on their margins in their earnings report and we could see another aggressive bounce here.
