AMAZON.COM INC
(AMZN-Nasdaq):
Technical Viewpoint: From a low
of $61 1/8 on Sep 28, 1999 prices
rallied, reaching a
high of $90.00
on Oct 7, 1999. A
decline saw prices pull back, reaching a
low of
$61.00 on Nov 4, 1999.
Another rally saw prices penetrate
resistance, closing 11/24/99
at $87 1/4. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Nov 17, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $79 1/2. Resistance: Is at $90.00.
Point & Figure: Reversed to the upside on Nov 16, 1999. A P&F upside
reversal takes place at $80.00. Summary: Technical indicators have turned bullish. BUY! AMAZON.COM INC
(AMZN-Nasdaq) @ $87 7/8 Stop: Use a protective stop of $85 1/8.
AMAZON.COM INC is currently trading @ $87 1/4 plus $5 1/2 on Nov 24, 1999. Price Objective:
$122.00. Risk/Reward: $2 7/8 VS. $34 1/8. Today's Risk Reward Ratio: 12:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$122.00
Risk/Reward:
$2 7/8 VS. $34 1/8
Risk/Reward Ratio:
12:1
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