Amazon.com, Inc.
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Let AMZN Be … [ Short-term]

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Uhm... ohm...

I think we should leave AMZN and jeffbezos alone.

The #Amazon price has fiercely struggled in the range of 140-150 for over a month. Bulls and bears have been battling for every inch of territory, causing traffic jams, and there's not much we can do.

However, with a strong full-bodied candle last week and Bulls gradually winning small battles, my prediction is that as soon as the market opens, we will have a Gap up.

HOWEVER, this is not the time to Buy. Chasing the peak is always wrong. Just stay put, please.

The time for a beautiful Buy position might be shaking its leg, enjoying itself, has passed since the end of October.

Be patient and wait for the next opportunity.

WHAT A WISE TRADER DOES?


  • If you're holding a Buy position: Move the stop loss to a safe point to preserve profits.
  • If you're holding a Sell position: Uhm... set the stop loss carefully.
  • If you haven't done anything yet? Well, just continue not doing anything!

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