$AMZN TOP 20
Added 2023-05-10 16:36:21 +0000 UTCAlerted yesterday of the potential of $AMZN breaking above the red trendline which has been in place for over 18 months now. It has just raised its head above the trend line now, so it is absolutely crucial that it can hold above here and if it can, it is certainly a good buy with this set up.
The 50 Day and 200 Day MA have been strong support lines throughout this structure and held the price well as it wobbled through the earnings report.
This structure to me as an impulse wave is a lot stronger than a number of other large tech stocks.
