Amazon is now my largest position in the long term portfolio. I have been adding heavily after that market dip a while back. The stock is forming a new momentum trend line and reaches for the supply zone that started the downfall. This is partially because Bezos has been selling at 200$. I search for a contraction leading into the supply box on this rising trend. Earnings could surprise hugely since their operating cash flow is expanding. All they need to do is decide to pay some taxes and lock some earnings in.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.