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AMAZON.COM
(AMZN-Nasdaq):
Technical Viewpoint: From a low
of $98 3/4 on Jan 22, 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 3/9/99
at $129.94. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Feb 26, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $117.00. Resistance: Is at $139 3/4.
Point & Figure: Reversed to the upside on Mar 8, 1999. A P&F upside
reversal takes place at $126.00. Summary: Technical indicators have turned bullish. BUY! AMAZON.COM
(AMZN-Nasdaq) @ $133 3/8 Stop: Use a protective stop of $130 1/8.
AMAZON.COM is currently trading @ $129.94 plus $7 3/4 on Mar 9, 1999. Price Objective:
$165.00. Risk/Reward: $3 1/4 VS. $31 5/8. Today's Risk Reward Ratio: 10:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$165.00
Risk/Reward:
$3 1/4 VS. $31 5/8
Risk/Reward Ratio:
10:1
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