Stock Traders Can Take Advantage of Amazon RIGHT NOW!

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Hey everyone, it's Mark Yegge! Today, I’m diving into Amazon (AMZN) and why it’s poised for a breakout. Before we jump in, I want to remind you about my upcoming live session on Wednesday night at 6:30 PM EST. I'll be doing more stock analysis like this and discussing my "Trade Like a Pro Accelerator" program. It's a trading course plus four weeks of mentorship and live workshops with me. Interested? Check the link in the description below. Now, let's get into Amazon.

Amazon's Chart Analysis

First, let’s look at Amazon’s chart. It’s been showing a beautiful pattern, with a good relative strength rating. The fundamentals are strong, with impressive growth over the last few years. Amazon has gone from breaking even in 2022 to making $6.39 per share. Quarter over quarter, Amazon has shown solid earnings and sales growth.

Key Points from the Chart:

- Hammer Candle: Indicates a potential reversal.

- Breakout Point: Around $192.

- Price Target: Potentially up to $235.

Amazon’s stock has shown resilience by staying above its 50-day moving average. When a stock stays above this line, it typically performs well. If you picked up Amazon at the breakout point ($192), you could be looking at a significant gain if it reaches $235.

Why Amazon is Attractive

Amazon's steady performance and strong fundamentals make it an attractive stock in an inflationary environment. Despite market volatility, Amazon continues to show potential for growth.

Potential Gains

Let’s break down the potential gains:

- Investment Cost: $192,000 for 1,000 shares.

- Potential Return: If the stock hits $235, that's a $43,000 gain.

- Return on Investment: Approximately 20-25%.

FAQ

Q1: What is the "Trade Like a Pro Accelerator"?

A: It's my trading course combined with four weeks of live workshops and mentorship, designed to help you become a better trader.

Q2: How often do you go live for stock analysis?

A: I go live every Wednesday at 6:30 PM EST. Hit the notification bell on my YouTube channel to get updates.

Q3: Can you guarantee a 20-25% return on Amazon?

A: No, returns on investments can't be guaranteed. My analysis is based on current trends and patterns, but market conditions can change.

Q4: How can I get updates on new stock analysis videos?

A: Subscribe to my YouTube channel and hit the notification bell to get alerts when new videos are posted.

Q5: Where can I find more information about the trading program?

A: Click the link in the description below for more details on the "Trade Like a Pro Accelerator" program.

Life-Improving Tips

While trading can be exciting and rewarding, maintaining a balanced life is crucial. Here are some tips to help you thrive:

Stay Informed, But Take Breaks: Keep updated with market trends, but avoid information overload. Take regular breaks to refresh your mind.
Practice Mindfulness: Trading can be stressful. Practice mindfulness or meditation to manage anxiety and maintain focus.
Maintain Work-Life Balance: Set specific trading hours and stick to them. Prioritize personal time with family and friends.
Continuous Learning: Stay curious and keep learning about new trading strategies and market developments.
Financial Management: Budget your finances wisely. Save and invest a portion of your income for future security.
Healthy Lifestyle: Eat a balanced diet, exercise regularly, and get adequate sleep to support your overall well-being.
Build a Support Network: Engage with a community of traders or find a mentor for guidance and support.
Set Realistic Goals: Set achievable trading and personal goals, and work steadily towards them.

Call to Action

Interested in learning more? Join my "Trade Like a Pro Accelerator" program. It’s a comprehensive trading course with live workshops and mentorship. Click the link below for more information or to subscribe for a free mini-course.

Get started today

Conclusion

Amazon presents a promising opportunity for traders right now. With its solid fundamentals, attractive chart patterns, and strong market position, it’s a stock worth considering. Remember to do your own research and consider all factors before making any investment decisions. Join me on Wednesday night for a live session where I'll analyze more stocks and answer your questions. Don't forget to check out the "Trade Like a Pro Accelerator" program for in-depth training and mentorship. Happy trading!

Stock Traders Can Take Advantage of Amazon RIGHT NOW!

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