The Long Investor
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$AMZN TOP 20
🕑 Added 2025-03-09 18:41:15 +0000 UTCWe all know by now that I am a big fan of $AMZN and a bull, I would love nothing more than to see an ABC correction here and buying $AMZN at $143 or below.
I hold a position and very happy with it.
$AMZN consistently reports incredible earnings and margins and their share price has still been able to drop -20% since Jan, this tells you that a share price can be incredibly irrational in the short term and we must take advantage of this irrationality, especially for core stocks we want to hold long term.
If the 200 Day MA is lost here then I believe a lower low comes in with the target at $181 at the 0.38 Fib to complete Wave A.
Holding on the $200 level and this can still move up to the $244 level for Wave 5 for a +20% gain to complete Wave 5.
