Amazon.com Inc. (AMZN) - 24th November 2023 | @ 153 Days | + 2.65%
Last trade: + 2.65% | 'B' class signal detected in Amazon.com, Inc. (AMZN). Running at an average wavelength of 153 days over 9 iterations since April 2020. Currently peaking.
ΣL Cycle Summary
Here the fairly stationary wave in AMZN, around what might be termed the 20 week nominal wave, is approaching a peak. One of the first amongst the main tech giants that have moved up markedly from the low in early-mid October. We are relatively early onto this price crest, so it is termed an early sell in the signal details below. If the same amplitude is maintained to the downside this could be a interesting move, due to trough in February next year. Conversely a generally sideways move will invite an excellent long at the same point next year.
Trade Update
See also: Live ΣL Portfolio & History
Summary of the most recent trade enacted with this signal and according to the time prediction detailed in the previous post for this instrument, linked below.
Type: Buy - Amazon Inc. 11th September, 2023
Entry: 11th September 2023 @ 143.10
Exit: 24th November 2023 @ 146.89
Gain: 2.65%
Current Signal Status
Defining characteristics of the component detected over the sample period.
Detected Signal Class: B - learn more
Average Wavelength: 153.48 Days
Completed Iterations: 9
Component Yield Over Sample: 183.48% - learn more