#AMZN was the first stock that marked the 1000 price last 7.12.17 with a high at 1083 on the 27th of July. Thereafter it was down hill slide to 931.75 just this Sept 26, 2017; with a brief recovery at the previous 1000 levels.
With reference to Market & Price Call on Aug 15th 2017
Currently, ALPHABET - (#GOOG) stocks have surpassed its previous high of 942.48 thus creating a divergence with AMZN price levels. And is currently at 959.11 closing in with AMZN's price at 961.35 at the close of the 3rd quarter trading. Pay attention to price action between these two stocks. Its a neck-to-neck battle as #GOOG will eventually mark the 1000 levels. A position trade for keeps that we have played for quite some period of time.
Moreover, these stocks makes their respective price adjustments in the market; therefore it makes more sense that we do the same with our stock position whenever these market play occurs.
These exceptional times needs PATIENCE and NOT COMPLACENCY.
Let's see who gets to blink first on the way higher!
ReplyDeleteUPDATE: AS OF OCT 27, 2017
ReplyDeleteMarket & Price Call Aug 15th to Oct 27, 2017: #GOOG above 1000 mark VALIDATED. Alphabet joins Apple with over $700B Market Capitalization.
REFERENCE information: https://megatrade101.blogspot.com/2017/09/alphabet-trails-amazon-for-1000k-mark.html