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AMAZON.COM
(AMZN-Nasdaq):
Technical Viewpoint: From a low
of $84 1/4 on Feb 18, 1999 prices
rallied, reaching a
high of $142 3/4
on Mar 11, 1999. A
decline saw prices pull back, reaching a
low of
$114.00 on Mar 24, 1999.
Another rally saw prices penetrate
resistance, closing 3/30/99
at $164.69. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Mar 1, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $140.00. Resistance: Is at $195.00.
Point & Figure: Reversed to the upside on Mar 25, 1999. A P&F upside
reversal takes place at $150.00. Summary: Technical indicators have turned bullish. BUY! AMAZON.COM
(AMZN-Nasdaq) @ $169 5/8 Stop: Use a protective stop of $166 1/2.
AMAZON.COM is currently trading @ $164.69 plus $15.06 on Mar 30, 1999. Price Objective:
$236.00. Risk/Reward: $3 1/8 VS. $66 3/8. Today's Risk Reward Ratio: 21:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$236.00
Risk/Reward:
$3 1/8 VS. $66 3/8
Risk/Reward Ratio:
21:1
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