Amazon $AMZN is Strong on a Near Term basis, Shown in Charts and Graphs
Amazon (NASDAQ: AMZN) is Strong on a Near Term basis, Shown in Charts and Graphs below. Important: Checkt he date on this report and update it as needed. the data changes over time.
Review the Trading Plans:
Long Term Trading Plans for AMZN
June 11, 2018, 10:19 am ET
The technical Summary and associated Trading Plans for AMZN listed below will help you make important timing decisions for your trades. This data is based on our proprietary analysis for AMZN. In addition we offer Market Timing Models and Stock Filters in the links above which may increase the proficiency of the decisions you make.
AMZN - (Long) Support Plan
Buy over 1547.65 target 1690.51 stop loss @ 1547.39.
The technical summary data tells us to buy AMZN near 1547.65 with an upside target of 1690.51. This data also tells us to set a stop loss @ 1547.39 to protect against excessive loss in case the stock begins to move against the trade. 1547.65 is the first level of support below 1683.99 , and by rule, any test of support is a buy signal. In this case, support 1547.65 would be being tested, so a buy signal would exist.
AMZN - (Short) Resistance Plan
Short under 1690.51 target 1547.65 stop loss @ 1690.77.
The technical summary data is suggesting a short of AMZN as it gets near 1690.51 with a downside target of 1547.65. We should have a stop loss in place at 1690.77 though. 1690.51 is the first level of resistance above 1683.99, and by rule, any test of resistance is a short signal. In this case, if resistance 1690.51 is being tested, so a short signal would exist.