The Long Investor

$AMZN TOP 20

Added 2023-10-08 15:42:01 +0000 UTC

$AMZN is another stock I bought heavy again at $123, I added to my holding by 30%, the price is only at $126 now, so it is still close to where I bought again.

I would still love to see this come down more to add again, especially under $120 but it has held the 0.38 Fib at $122 so far and the Wave 4 pull back aims for the 0.38 Fib, so this is as standard as it comes.

So with the 0.38 Fib at $122, I bought at $123 and the price is only at $126, this is still a good area to add.

Unless the market opens tomorrow red.....on the strength of heightening tension and conflict in the Middle East, I expect this to hold support and start moving higher soon.

If we are lucky enough to get this under $120, it is my highest conviction recommended buy.