AMZN looks poised to breakout after a long period of consolidation. Waiting for it to break above the channel and close with at least one large bullish candle before initiating trade. P/E ratio has compressed. Now at 80.7595. AMZN could easily hit $3,750-$4,000.
"The bigger the base, the higher the space"
"The bigger the base, the higher the space"
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Waiting for one more bullish candle close then initiating a position. Took a nibble today.
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initiating a full position** dipped my toes today
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