$AMZN TOP 20
Added 2025-05-04 11:56:56 +0000 UTC$AMZN reported on Thursday and although it was a beat, they guided down for the FY on economic uncertainties, which does buy them some time for the trade war to be resolved but it is clear that if the war continues, then $AMZN will be negatively affected and the cargo shipping decline is a clear indication of this.
Structure is still in place so the market believes or is at least optimistic that a deal can be made, I believe timing is important now and this needs to be sorted sooner rather than later.
The 50 WMA is just slightly above at $197 and the amber fib range of interest to us will be between the 0.5 - 0.618 Fib between $202 and $211.
I will continue to hold, as I have done since adding at $164 and slightly above.
I do not mind if we do not reject at the Wave B range because we took advantage of the dip but I would absolutely love to get more $AMZN shares under $150.
Either option, we still win.
Comments
Being a long term investment, I would see no issues in adding at or below 150 and keeping the position for the next 8 years, unless another tariff-oriented presidency happens I don’t see further obstacles for AMZN to reach new highs as a top player in the AI era.
Federico Salerno
2025-05-04 12:08:53 +0000 UTC
