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AMAZON.COM
(AMZN-Nasdaq):
Technical Viewpoint: From a low
of $44 7/8 on Jun 14, 1999 prices
rallied, reaching a
high of $71 1/4
on Jul 16, 1999. A
decline saw prices pull back, reaching a
low of
$41.00 on Aug 10, 1999.
Another rally saw prices penetrate
resistance, closing 9/22/99
at $66.00. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Aug 24, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $60.00. Resistance: Is at $68.00.
Point & Figure: Reversed to the upside on Sep 10, 1999. A P&F upside
reversal takes place at $60.00. Summary: Technical indicators have turned bullish. BUY! AMAZON.COM
(AMZN-Nasdaq) @ $66 5/8 Stop: Use a protective stop of $63 7/8.
AMAZON.COM is currently trading @ $66.00 plus $3 3/4 on Sep 22, 1999. Price Objective:
$117.50. Risk/Reward: $2 3/4 VS. $50 7/8. Today's Risk Reward Ratio: 18:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$117.50
Risk/Reward:
$2 3/4 VS. $50 7/8
Risk/Reward Ratio:
18:1
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