$AMZN's chart has been moving stronger than other Mega Caps right now and the price was able to hold above the blue line at $188 to finish the week off at $193, which is just slightly below the 200 WMA at $197.
I believe the price will continue to drift up to this MA and even go beyond to the amber fib levels where I have set the Wave B target at $202 - $211.
I have a position and will hold on to this until I see any rejection, no rejection and I continue to hold back up to the ATH level again at $242.
We are in a good position here to do very little.
GrandpaJoker
2025-05-12 00:32:06 +0000 UTCWilly G
2025-05-11 17:47:13 +0000 UTC