Amazon bull flag

21 בינו׳

AMZN has a bull flag on the weekly and daily charts
Positives:
* Great chart
* Holiday spending should help with ER
* Above all MAs
* Mag 7 has lagged quite a bit and any rotation into them might give a boost
* Trump effect, Bezos sitting in the front row :)

Negatives:
* No real AI products to generate meaningful recurring revenue
* Huge AI spend
* Severences due to attrition as a result of 5 days in office policy

21 בינו׳

הערה

Broke out and I missed the trade