Trading Amazon.com $AMZN With Integrated Risk Controls

April 26, 2023, 13:08 pm ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Amazon.com (NASDAQ: AMZN) report below can help you, but we have more details too. The trading plans for AMZN, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.

Longer Term Trading Plans for AMZN

• Buy AMZN slightly over 89.49 target 107.59 stop loss @ 89.23 Details

The technical summary data tells us to buy AMZN near 89.49 with an upside target of 107.59. This data also tells us to set a stop loss @ 89.23 to protect against excessive loss in case the stock begins to move against the trade. 89.49 is the first level of support below 105.622 , and by rule, any test of support is a buy signal. In this case, support 89.49 is being tested, a buy signal would exist.

• Short AMZN slightly under 107.59, target 89.49, stop loss @ 107.9 Details

The technical summary data is suggesting a short of AMZN as it gets near 107.59 with a downside target of 89.49. We should have a stop loss in place at 107.9though. 107.59 is the first level of resistance above 105.622, and by rule, any test of resistance is a short signal. In this case, if resistance 107.59 is being tested, a short signal would exist.

Swing Trading Plans for AMZN

• Buy AMZN slightly over 107.77, target n/a, Stop Loss @ 107.46 Details

If 107.77 begins to break higher, the technical summary data tells us to buy AMZN just slightly over 107.77, with an upside target of n/a. The data also tells us to set a stop loss @ 107.46 in case the stock turns against the trade. 107.77 is the first level of resistance above 105.622, and by rule, any break above resistance is a buy signal. In this case, 107.77, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short AMZN slightly near 107.77, target 104.20, Stop Loss @ 108.08. Details

The technical summary data is suggesting a short of AMZN if it tests 107.77 with a downside target of 104.20. We should have a stop loss in place at 108.08 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 107.77, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for AMZN

• Buy AMZN slightly over 107.94, target n/a, Stop Loss @ 107.69 Details

If 107.94 begins to break higher, the technical summary data tells us to buy AMZN just slightly over 107.94, with an upside target of n/a. The data also tells us to set a stop loss @ 107.69 in case the stock turns against the trade. 107.94 is the first level of resistance above 105.622, and by rule, any break above resistance is a buy signal. In this case, 107.94, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short AMZN slightly near 107.94, target 104.73, Stop Loss @ 108.19. Details

The technical summary data is suggesting a short of AMZN if it tests 107.94 with a downside target of 104.73. We should have a stop loss in place at 108.19 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 107.94, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

AMZN Ratings for April 26:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Weak
P1	0	0	71.05
P2	104.73	104.20	89.49
P3	107.94	107.77	107.59

Support and Resistance Plot Chart for AMZN

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