It will be very interesting to see where AMZN goes after their earnings call. I'm guessing positive earnings push S/P +10% to retest 1580 and 1612. If it pushes through then I would target $1,840.
Comment:
I ended up here today looking at GOOGL before earnings and came across my few past publications.
Total coincidence seeing my AMZN post, formerly setting 1840 target, and closed today at 1843.
Looking back, I do wish I checked my analysis because I sold too soon at 1684.
I keep reminding myself that’s still not bad after buying at 1375, and not to FOMO buy. It’s been hard not to leading into earnings.
History shows if listened to my target I would be happy selling now and not care if it went up to $2,000.
I don’t think I landed here tonight by accident. The FOMO’s been real, while suppressed by high prices and market correction expectations. This week’s been confusing due to earnings....I believe this is a sign and a second chance to listen to my own objective vision. I was worried AMZN will see a sell the news effect after the upcoming ER, and realizing I’m fomo’ing about buying at my sell target. Even if another push up occurs, there’s a big solid concerning number I’m expecting to cause a hard deflection: $2,000.
Recapping all that, my current strategy is clear. I will wait for the next big dip $1500-1600 before re-entering AMZN. If that happens, I must be weary of the second drop of the corrective wave, and right shoulder formation.
Happy Trading!
Cheers
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Total coincidence seeing my AMZN post, formerly setting 1840 target, and closed today at 1843.
Looking back, I do wish I checked my analysis because I sold too soon at 1684.
I keep reminding myself that’s still not bad after buying at 1375, and not to FOMO buy. It’s been hard not to leading into earnings.
History shows if listened to my target I would be happy selling now and not care if it went up to $2,000.
I don’t think I landed here tonight by accident. The FOMO’s been real, while suppressed by high prices and market correction expectations. This week’s been confusing due to earnings....I believe this is a sign and a second chance to listen to my own objective vision. I was worried AMZN will see a sell the news effect after the upcoming ER, and realizing I’m fomo’ing about buying at my sell target. Even if another push up occurs, there’s a big solid concerning number I’m expecting to cause a hard deflection: $2,000.
Recapping all that, my current strategy is clear. I will wait for the next big dip $1500-1600 before re-entering AMZN. If that happens, I must be weary of the second drop of the corrective wave, and right shoulder formation.
Happy Trading!
Cheers