@Sunny102s, should be 6-8 weeks if sentiments are good.
Xyz102sam
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@MoneyMentors it’s been close to 12 weeks, what are your fresh views on Amazon
MoneyMentors
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@Sunny102s, Hi Sunny This is making Higher Highs since March 23 ( View Monthly Chart ) which is positive. Last week it did try to break the $147 Levels but failed. It will try again to break the 147 level if that happens it will reach the 160 Levels. It has got the support of $136-135. If your view is for Long term you can hold else can keep an SL at $130. Hope this helps.
Xyz102sam
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@MoneyMentors thanks, it closed below 129 and I haven’t entered it yet. I have exited around 140 levels on the results day. I am not sure if it might come around 116 levels. Can we take an option 140 call for next year June 2024 ?
MoneyMentors
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@Sunny102s, I don't keep a track of the Option Chain in US as its got extrinsic and intrinsic Value both ( Price + Time ) so unable to help here. If you have booked profits happy for you. Re-entry point in this asset is again at the 110 Zone not before that.