The Long Investor
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$AMZN TOP 20
🕑 Added 2025-04-08 10:11:49 +0000 UTC$AMZN did not make it all the way down to the 200 WMA at $153 but it did pull back to its 0.5 Fib and the weekly RSI is at 30 right now.
Nobody needs to convince me to buy $AMZN in this set up, even if it is only for a Wave B as a worst case scenario.
I have added $AMZN twice now and again we will be looking for a retest of the 50 WMA at $195 for Wave B.
If the price action can break above this MA and hold, then great, we hold too.
But a rejection at this level and we must consider trimming in order to buy at the end of Wave C.
The Tariff issue is still here, the Interest Rate fight is still here, declining earnings now may be the next big problem too....so Wave C is still where I think this is ultimately going and I will be aggressive at this point.
Comments
Willy G
hoping to add more, setting up some limit buys under 165
PSK
X2 on thoughts for wave B trims. Thanks!
Ryan C
Are we going to trim 20% or 50%?
