Amazon.com, Inc.
Long

Amazon cup and handle breakout

175
Amazon I have held in size all year. There has been a massive 220 and 240 sell walk for months. The stock has finally broken out. I have trimmed shorted dated calls and remain holding a lot of shares.

My target is a fib on the yellow line, might take a few months since this is a weekly chart. I expect the daily gap to at least partially fill, but who knows.

My plan:

Keep my shares and sell puts on red days

I might add long dated calls if we sweep 232$

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