Amazon (AMZN) just reached the cloud. The last time this happened was in November 2008. Could be a rare buying opportunity. Does anyone see things differently?
Not financial advice.
Not financial advice.
Nota
20-for-1 stock split is about to happen in a couple weeks. We know what that means... More retail buying for no other reason than it's more affordable.Nota
In my personal experience and observation, the cloud virtually always acts as support unless it's immediately and clearly pierced by the close of the time period. It appears very unlikely that with 3 more trading days left before the month's close, Amazon will drop a third of its value and close below $1,400. With that said though, the cloud is pretty narrow for August/September, so if a pierce occurs, it could be most likely to happen then. As always exceptions can occur, but this has been my experience. Please comment below if you've experienced otherwise.
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Penafian
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To support my work:
patreon.com/SpyMasterTrades
To subscribe to my YouTube channel:
youtube.com/@SpyMasterTrades
To follow me on X:
twitter.com/SpyMasterTrades
To tip me (BTC wallet):
bc1qvh48429042mdwvdthwlufx072g3ftffcts2q03
patreon.com/SpyMasterTrades
To subscribe to my YouTube channel:
youtube.com/@SpyMasterTrades
To follow me on X:
twitter.com/SpyMasterTrades
To tip me (BTC wallet):
bc1qvh48429042mdwvdthwlufx072g3ftffcts2q03
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.