Magnificent Tech Stocks

Amazon (AMZN) - Edition #1

Luis Ricardo Guizado

Jul 5, 2024 — 1 min read

Macro Outlook: 🚀 Bullish 🚀

June's monthly chart closed above previous all time high.
This type of candle closes on a higher timeframe like the monthly charts, show lots of strength and possible continuation to the upside.

What to expect for Monday's open?

Ideal long entries will be at around $180 - $170.
Invalidation of trade upon price sweeping below $160.
Markets are irrational, keep in mind price might just keep moving upwards before making a substancial retrace.
Making a small market buy at Monday's open price might be smart.
Remember to dollar cost average your way in and keep powder at hand.

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