$AMZN TOP 20
Added 2023-09-24 18:55:33 +0000 UTCI am currently getting spoilt for choice at the moment because stocks I have been waiting for months to buy or add too have all decided to come down to their ideal levels to buy at, at the same time.
$AMZN is a company I have been adding to all year and stopped in July. Members that have been here since before their earnings in August will know that I wanted to buy (double my position) in $AMZN if the earnings were bad and the price came down to $120.....they smashed their earnings and the price took off to $144.
We may get that pull back to $120 or possibly lower to the 200 Day MA and I will keep to my plan of adding here.
For me, buying $AMZN is the same as people buying the $SPY, I prefer to buy $AMZN instead because I can measure their growth and their fundamentals and I think their growth will be better than the $SPY returns over the next 2 years.
MACD is clearly showing a downward trend, in line with our target of $120.
