$AMZN TOP 20
Added 2023-05-14 15:19:48 +0000 UTCA lot of positives this week. It has held the 200 Day MA and broke above the red trend line. It has moved very well, along with $GOOG, as both of these companies took the limelight from $AAPL and $MSFT this week, it may be their time, as both have not had their aggressive moves yet.
For $AMZN, the dust has settled after their earnings and it has held well, the market may realise that although $AMZN is struggling with their margins, it is still an incredible company with a prosperous future, their moat is unmatched.
So What Now?
For these reasons $AMZN is a better option for me right now over $AAPL and $MSFT. I think they have the resources to keep growing and expand into other markets, there is a lot of avenues that can be explored to lower costs too by further automation and AI. I believe Bezos is still heavily involved here, his vision will continue to guide them.
Staying above the red trend line and this is positive for me, it has already retested it and held support on the 1hr chart, so it may test it again, another positive hold at support and this is a buy too.
