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!