This is a follow up post from my previous AMZN post last March. From March to where we are now, one of the best technology companies is on a tear! After breaking out last November 2016, the stock is now up 42%! It’s up 302% since 2015!
Catch me in my live training events! (quick plug)
The heart of why I do this seminars is I want to build a generation of Filipinos with the right foundation in stock investing. I want to bring smart investing to every Filipino around the world! If you would like to know more on how you could time the market checkout the trainings below.
Stock Smarts Manila — June 10 – July 2, 2017
Stock Smarts UAE — July 6 – July 10, 2017
Stock Smarts Qatar — July 11 – July 16, 2017
Stock Smarts Iloilo — July 29 – July 30, 2017
Stock Smarts General Santos — August 25 – August 27, 2017
I mentioned in the previous post that the stock is still in a medium to long term uptrend and there is no sell signal yet. Guess what , 3 months later from a position trading perspective, we have no sell signal yet as the stock is still in an uptrend! A stock that is in an uptrend will continue to go up until proven otherwise.
If you are a quick trader, I also mentioned that if the stock stayed above 845 the next target price is 1,000! Guess what as of last Friday, June 2, 2017 the stock just hit 1,006! The stock is still bullish though for the short term and there is no sell signal prevalent yet for you to take profits. Now if the stock fails to hold 1,000 you may start to consider that as a short term signal to take profits as well.
If the stock stays above 1,000, the next possible target price for AMZN is now pegged at 1,150 for the short term!
To everyone following me from the US! Thank you so much for all your support and love! I will be posting more Nasdaq charts moving forward!