The Long Investor
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$AMZN TOP 20
🕑 Added 2025-04-13 17:56:45 +0000 UTCBack in August we bought at $160 and waited for a retest of the blue resistance line at $188 before considering selling as this was a potential Wave B, price experienced a little bit of resistance but the higher low was bought up quickly and the price ran from $160 to $242 by December, giving us a +50% gain.
Over the last 10 days we have done that same thing again
We bought with an average of $165 for a potential Wave B and will see if the price rejects in the Wave B range and the 50 WMA at $198.
If there is no rejection we hold, very simple.
No rejection in the Wave B range and we can expect a retest of the ATH level again at $242.
Meaning our buys since August would be master stroke.
This is known as the sweet spot....where regardless of whether we were in a Wave A or Wave 4, the price had to bounce next, price already hit $185 this week and the RSI on the weekly is at 30....so a lot of room to go to the upside.
Comments
Zachary Alpirn
I think we went as high as $191 this week
Gareth Neary
In spite of the Buy and Sell chat group......I think i was quite specific with $AMZN and in my description above.
BA
Thank you
BA
Thank you
Lewis
Cap tells us in the buy and sell chat when he makes a move. It’s up to you if you want to do the same
BA
Do you give specific buy and sells or just vague descriptions of which wave you think we are on and leave it to us?
