$AMZN TOP 20
Added 2023-05-28 18:58:06 +0000 UTCThis has been a favourite of mine and I am up 20% since I started my position, a lot of the Mega Caps have been doing very well but I went with the one that offered the best structure and $AMZN has been as close to textbook as it can get.
I posted on Friday that I liked how $AMZN pulled back and found support above the previous high, where I have set the yellow parallel line.
I also like how the 50 Day MA in blue is about to cross the 200 Day MA in yellow, this is regarded as a bullish trend move.
Potentially there is still more upside and there have been no parabolic moves here, I will always prefer these setups.
