A little bit ago I posted this chart on Amazon, discussing the long term trend line that has held since the low pivot of the dot.com bubble bursting. With the drop after earnings the AH price dropped to under $231 where the trendline sits (purple). I added 7 shares to my already overweight position at around $227 on the suspicion that despite the after hours volatility the price would likely hold. And so far my prediction as a bounce on that support has been confirmed, with buyers immediately stepping in once the market opened to buy the dip and keep the price above support. While there is no guarantee support will hold, the odds favour staying at support and moving higher from here. Happy Investing all! Original Post: https://link.blossomsocial.com/7uYa/hi23i59e Link to Gareth Soloway who I've been learning technical analysis from: https://youtube.com/@garethsolowayprotrader?si=eE8w8wx4CxhorKN4 $AMZN
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1 Comments
Rahul @rahul_seeker · 2d
Nice move
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