$AMZN TOP 20
Added 2023-08-06 19:17:55 +0000 UTC$AMZN absolutely smashed earnings for me and really silenced any doubters, I am happy because I am bullish on this stock, however I really wanted to buy more at $120.
We just needed something negative to appear on the report and it would have behaved exactly like $AAPL did and flushed down to our Wave 3 target but it was a flawless report.
So Wave 3 has been placed at the 2 Fib which is above the standard level we set for Wave 3 but the good earnings report merits this extension, $MSFT had the exact same scenario in its previous report.
Wave 4 still needs to come.....I don't need to explain over and over how impulse waves follow 5 waves, we know this by now, we can see it on the $MSFT and $AAPL charts and if it can happen to them, it can happen to any stock.....so when it comes, I'll be adding, for now, Wave 4 will show complete at $129.
I will be holding $AMZN as long as the fundamentals continue to improve and grow in this manner.
Comments
Chart says it could go to $152 before it corrects back down to $129. It’s your choice if you want to hold long term or try and time the markets
Roger Ellsworth
2023-08-06 22:01:59 +0000 UTCShall I sell my AMZ positions tomorrow or time to wait and see higher?
Baktash Azizi
2023-08-06 19:23:04 +0000 UTC
