AMAZON.COM INC
(AMZN-Nasdaq):
Technical Viewpoint: From a low
of $92.56 on Jan 21, 1999 prices
rallied, reaching a
high of $139 3/4
on Jan 27, 1999. A
decline saw prices pull back, reaching a
low of
$84 1/4 on Feb 18, 1999.
Another rally saw prices penetrate
resistance, closing 2/25/99
at $125.00. Technicals: Momentum Index (MTM): A Buy Alert!
was given on Feb 23, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $109.00. Resistance: Is at $126 3/4.
Point & Figure: Reversed to the upside on Feb 19, 1999. A P&F upside
reversal takes place at $110.00. Summary: Technical indicators have turned bullish. BUY! AMAZON.COM INC
(AMZN-Nasdaq) @ $125 7/8 Stop: Use a protective stop of $122 5/8.
AMAZON.COM INC is currently trading @ $125.00 plus $14.06 on Feb 25, 1999. Price Objective:
$175.00. Risk/Reward: $3 1/4 VS. $49 1/8. Today's Risk Reward Ratio: 15:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$175.00
Risk/Reward:
$3 1/4 VS. $49 1/8
Risk/Reward Ratio:
15:1
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