AMZN weekly chart looks intact for continuation.

Jul 13, 2024

AMZN weekly chart shows that it is holding the previous all-time high breakout at $191.70. It is also holding the weekly 5 SMA, which would provide a good entry to average up on the swing after taking profit last week. Jeff Bezos selling at $200+ needs to be cleared out before the stock can continue higher, and it appears that he has sold about 33% of the total 25 million shares planned based on SEC filings.

Jul 24, 2024

Trade closed manually

The remaining shares from the swing were sold for profit at the weekly 5 SMA. All positions are managed with a breakeven stop after reaching an initial target.