AMAZON.COM INC
(AMZN-Nasdaq):
Technical Viewpoint: From a low
of $32.47 on Jun 23, 2000 prices
rallied, reaching a
high of $43.94
on Jul 17, 2000. A
decline saw prices pull back, reaching a
low of
$27 7/8 on Jul 31, 2000.
Another rally saw prices penetrate
resistance, closing 9/5/00
at $45.69. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Aug 23, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $36 1/4. Resistance: Is at $52.19.
Point & Figure: Reversed to the upside on Aug 24, 2000. A P&F upside
reversal takes place at $42 1/2. Summary: Technical indicators have turned bullish. BUY! AMAZON.COM INC
(AMZN-Nasdaq) @ $46 3/8 Stop: Use a protective stop of $43 3/4.
AMAZON.COM INC is currently trading @ $45.69 plus $4.19 on Sep 5, 2000. Price Objective:
$66 1/4. Risk/Reward: $2 5/8 VS. $19 7/8. Today's Risk Reward Ratio: 7:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$66 1/4
Risk/Reward:
$2 5/8 VS. $19 7/8
Risk/Reward Ratio:
7:1
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