AMZN Breakout Coming ... Pt.2
Wednesday Amazon broke through my original wedge and stayed above on Thursday while closing down slightly while overall trading higher. Friday it closed slightly above while breaking through on the trading. Possibly too tight of a wedge drawn; updated my charts with a slightly more open blue wedge not cropping off the mid-October high. The price really is zeroing right in on the $3175 - $3200 range. Worth noting is that volume is below the 100-day average except on Friday's selling pressure. I am looking for an upside break in January at the latest. My 50/50 guess is Monday is a down day for Amazon.
Currently hold a 9% position in my portfolio, will add a few more shares at $3125 if it dips down to that level.
Currently hold a 9% position in my portfolio, will add a few more shares at $3125 if it dips down to that level.
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