$AMZN TOP 20
Added 2023-08-20 19:17:28 +0000 UTCAs many know by now, I have been looking forward to adding $AMZN at $120 for awhile now, especially as we have been waiting for Wave 4 to come in.....$AMZN certainly showed this week as no stocks were showing any bullish signals.
We need to observe where $AMZN continued to get stopped out and that was at the 1.618 Fib at $140, which is where $AAPL hit its Wave 3 too....so I am open to the prospects that $AMZN is in Wave 4 now and my target of $120 is real possibility here....the reason why I have left in both trajectories is that $AMZN did hold at the 50 Day MA to end the week, so it could could bounce from here....if the market does.
I have said since before earnings that I am not messing about with $AMZN, it was a buy and hold for a lifetime, I just want to add to this and I am glad I have stayed with it.....because in spite of a blockbuster earnings, it has not be able to separate itself from the Mega Caps decline and the market.
Which is an opportunity for us.
I will certainly be doubling my position in $AMZN if I can get it at $120, it is a stock I follow extremely closely and am aware of many projects in their pipeline which I am quite bullish about.
We want this lower and it will be a generational buy.
