TRADING TIPS

Is It Safe to Buy AMZN Here?

Hubert Senters here. Got a question from a viewer what I think about Amazon. Heads up, I’m a long time investor in Amazon. I love the company. I love the stock. Heads up, I don’t actively trade every minor pullback. I still think Amazon over the longer term is going to go higher. Unfortunately right now, I think it’s got a limited opportunity to do that. You have opened and closed above the turning line and now the standard line which implies that this thing wants to go back up here and revisit the bottom of the cloud at $1,800 so I think you do have a decent opportunity this would be a weak long into overhead resistance at $1,800. Now, I would love nothing better than if it cleared $1,800 it went back above $2,000, I’d love that. The technical don’t say that’s going to happen yet but it could. But I think if you’re long anywhere from $1,546 above the turning line or above the standard line. A good target would be in the area of $1,765 to $1,800. I am going to hyperlink you to ‘’The 1% Club’’ webinar that I’m doing tonight on a secret account that will compound your money at about a percent a day or 23 percent a month. Now, unfortunately GotoWebinar only holds a thousand people. I know you guys are getting tired of what’s going to happen. Some of you who could get locked out tonight and there’s nothing that I can do about it. I do not own GotoWebinar or Citrix. I wish I did. But I don’t. And you can see this is one of the test webinars we just want to make sure the webinar software was working, on power point it was good, my mic and cameras and all that stuff is working. That’s what this webinar here is. So if you see one register that was just me and my team messed around. On this right here it says we have 3,383 people. I’m going to refresh this so we can see the updated account of attendees that potentially may show up and you can see it is 3,430 people. GotoWebinar once again only holds 1,000. I will open up the room probably 15 minutes earlier. I may actually do it 30 minutes early just because there’s so many people registered for the webinar. And you can just go in there and hang out and make sure that you kind of secure you a spot to watch the information that I’m going to share with you tonight. Good luck. Hope it helps. And I’ll see you on tonight’s webinar. Hubert.

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