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AMAZON.COM
(AMZN-Nasdaq):
Technical Viewpoint: From a low
of $8.19 on Apr 6, 2001 prices
rallied, reaching a
high of $18.16
on Apr 18, 2001. A
decline saw prices pull back, reaching a
low of
$14.60 on Apr 25, 2001.
Another rally saw prices penetrate
resistance, closing 5/4/01
at $17.56. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Feb 12, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $15.00. Resistance: Is at $18.16.
Point & Figure: Reversed to the upside on Apr 26, 2001. A P&F upside
reversal takes place at $16.00. Summary: Technical indicators have turned bullish. BUY! AMAZON.COM
(AMZN-Nasdaq) @ $17.62 Stop: Use a protective stop of $16.12.
AMAZON.COM is currently trading @ $17.56 plus $.81 on May 4, 2001. Price Objective:
$29.00. Risk/Reward: $1.50 VS. $11.38. 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:
$29.00
Risk/Reward:
$1.50 VS. $11.38
Risk/Reward Ratio:
7:1
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