Pulled back at the start of last week on rumours that the FTC are looking into an Antitrust lawsuit into $AMZN. These rumours did little to gain momentum and $AMZN started to move higher towards the end of the week, as the market gained bullish momentum on the strength of Powells progress speech.
We can see that Wave 3 is here at the 1.618 Fib as always at $140, we may continue higher before we get our Wave 4.
The plan remains the same, we want the price to come down to $120 to add and I will likely double my position here....I am most bullish about $AMZN than any other Mega Cap.
Earnings out on Thursday after the close.