$AMZN has been holding strong, along with $AAPL over the last 2 weeks while a number of mega caps and the market experienced a pull back. If this general pull back is complete, we should see $AMZN benefit from this optimism and generally the start of July performs very well historically.
The main concern for the market is when $AAPL does decide to pull back and we can see from our chart that it may be in 2 weeks, the market will likely pull back with it, this corresponds with the $AMZN chart too.
The RSI and MACD is showing that a pull back is certainly possible soon.
My plan is to add at Wave 4 around $120.
I will alert when I buy $AMZN again.
Gareth Neary
2023-07-02 19:13:41 +0000 UTCYoko Yu YYKK #4204
2023-07-02 19:02:12 +0000 UTC