$AMZN TOP 20
Added 2023-08-26 19:43:06 +0000 UTC$AMZN and $GOOG have been rare Mega Caps that have been able to hold above their 50 and 200 Day MA in this market pull back, and although $GOOG has managed to stay comfortably above theirs....$AMZN showed signs of losing this support line on Friday, it managed to finish the day and week above it but it is not clear whether or not this pull back is complete yet....I suspect it is not complete.
The 200 Day MA is all the way down at $108, I do not think this will go down this low, the earnings report was too strong and the chart is still showing strength but I believe it is still possible to pull back to the 1 Fib at $120.
This will be a gift and I will be taking full of advantage of this if it happens, I have said before that I will likely double my position in $AMZN if it can pull back to $120.
