AMZN - I can't be the only one who's looking at this
AMZN has been puzzling to me for a while now. What keeps fueling this beast in its neverending upward spiral? The broad indices would be toast without it. This took me a few tries to fully grasp and appreciate the impulse leg which began over a year ago in February. Now that it's mapped out, the climb seems inevitable.
I have two ideas here. Either get in now, put on long positions with whatever risk management you deem suitable, and ride it to the top of ~1075. Target seems within grasp in a week or so.
---or---
Wait for it to hit that target and ride the gut wrenching correction that will take place when the 1075 ceiling becomes iron resistance.
Happy hunting!
I have two ideas here. Either get in now, put on long positions with whatever risk management you deem suitable, and ride it to the top of ~1075. Target seems within grasp in a week or so.
---or---
Wait for it to hit that target and ride the gut wrenching correction that will take place when the 1075 ceiling becomes iron resistance.
Happy hunting!
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.