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MyMI Options Play - AMZN CallsAMZN has recently broken it's current downtrend channel as identified but has also broken above and found closure/support above the 50% retracement from the $180 ATHs that it saw back in Nov. 2021. I haven't purchased my long-term opts on this yet to see if a reversal in the current market push due to NVDA and other AI-Based movements that are holding up the markets. I expect some retracement at some point and potentially back to $114. From there I will look at the support we find back at that 50% retracement level ($114) and look for a long-term hold to back to the $140-$145s (if not higher).
NASDAQ:AMZNLong
by MyMIWallet
MAJOR AMZN Upside. #BULLISHHad a near $2,000 bull run from March 2020 at a price of $1,600 to $3,550 in September. Huge symmetrical triangle on the weekly chart signaling another move of the same kind. If we can get a similar move, that'd put Amazon over $5,000 by around August. I'm INSANELY bullish on AMZN. I'm currently swinging options expiring in 2 weeks, but I'd like to sell to buy an expiration much further out. Bought yesterday on the dip to $3,140. In addition, I'm hearing rumors of a potential stock split in the coming months. As we've seen with Apple and Tesla, this will make Amazon go CRAZY.
NASDAQ:AMZNLong
by JerseyStig