Aug. 31 at 8:02 PM
Establish a reduced starter position in
$AMZN (~1/4 of the intended core weight) at current levels near
$259, respecting that the tape is in near-term distribution (below 10-day EMA 260.64 and VWMA 262.78, MACD below signal, lower highs/lows since the Aug 3 peak at 284.02) and a formal FTC complaint is still pending. Use a coherent daily-close stop at ~
$247.50 (below the 250.84–251.52 support confluence) rather than the internally inconsistent stop-at-the-add-level of the original plan. Scale in only on confirmation: add on a reclaim of the 10-day EMA/VWMA with a MACD turn, or on a decisive daily close above 266.53/271.58; do not average into failure below the stop. Target the low-
$300S over a 6–12 month horizon, with a re-evaluation to Underweight on a daily close below the 200-day SMA at 238.64.
