The Long Investor
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$AMZN TOP 20
🕑 Added 2025-05-01 09:41:30 +0000 UTCThis is the big one for us and they report after the market closes today.
The market will be watching this closely, not much concern was directed to $META as they are software company dominantly but $AMZN is directly affected by the Trade War as 71% of all products sold by Amazon in the US are from China.
So guidance will be important here.
$AMZN will likely have a lot of data on consumer spending not just in the US but around the world.
Remember $AMZN has more economists than the US govt, which is a staggering stat.
The price is already very close to the 50 WMA now at $191 in the PM, with the 50 WMA at $197.
A break above the 50 WMA will be positive to see but the price needs to hold above this MA and the 0.5 - 0.618 Amber fibs are between $202 - $211.
We have already bought twice here and sitting on a very attractive average at $166 with these buys.
So I will continue to hold until I see a rejection, if there is no rejection and we get a move up to the ATH level again, this will give us a +50% gain from our buy this month, easy work then.
Comments
Chris H
No rash moves today then!
