The Long Investor

$AMZN TOP 20

Added 2023-11-19 05:28:57 +0000 UTC

I must have an attraction to the letter A. $AMZN, $AMD, $ABNB and $ADAUSD are all my very profitable positions right now and they are all looking like each other too (with the slight exception of $ABNB which is not looking extended)

$AMZN has pulled back to the 0.236 Fib and although it is a start, it is not a big pull back and I can only see 2 waves in this pull back so far, if this was the 'Subwave 2' pull back, then it is extremely short and not enough for me to buy at.

$AMZN is printing for me at the moment and it is a rare occasion where I want this to cool off, solely so I can add again, I will increase my $AMZN position by 20% if we can get a meaningful Subwave 2 here. The 50 Day MA is at the 0.5 Fib right now at $133....I would be delighted to buy at this level.