$AMZN TOP 20
Added 2023-09-16 17:25:13 +0000 UTCMembers will know how happy I have been with $AMZN this year, especially since the price continued to hold the 50 Day MA in March and we then saw the 50 Day cross the 200 Day MA in May, I have added to my position on all pull backs because $AMZN will be a long term hold for me, trimming profits only at the top of Wave 5 to add again when Wave C is complete.
I believe this company will be bigger than $AAPL and their ecosystem will be more important.
We can see on the chart that $AMZN had a good week and then got a slight pull back on Friday with the market and it pulled back to the 1.618 Fib exactly, which is a very popular support level. New highs this week too so the upward trend should continue.
Comments
The price is near 130. End of wave 4?
makis
2023-09-19 16:28:37 +0000 UTCWhen wave C completes I think.
Dan G
2023-09-16 18:31:07 +0000 UTCWhat would be a good entry point?
Damien O'Sullivan
2023-09-16 17:42:21 +0000 UTCWas hoping to enter sooner but will have to be patient.
Dan G
2023-09-16 17:31:50 +0000 UTCLong time to wait until wave C
Dan G
2023-09-16 17:31:18 +0000 UTC
