Trading Amazon.com $AMZN With Integrated Risk Controls

April 28, 2023, 13:35 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 105.83 , 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 105.83, 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 106.31, target 107.59, Stop Loss @ 106 Details

If 106.31 begins to break higher, the technical summary data tells us to buy AMZN just slightly over 106.31, with an upside target of 107.59. The data also tells us to set a stop loss @ 106 in case the stock turns against the trade. 106.31 is the first level of resistance above 105.83, and by rule, any break above resistance is a buy signal. In this case, 106.31, 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 106.31, target 89.49, Stop Loss @ 106.62. Details

The technical summary data is suggesting a short of AMZN if it tests 106.31 with a downside target of 89.49. We should have a stop loss in place at 106.62 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, 106.31, 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 106.31, target 107.59, Stop Loss @ 106.06 Details

If 106.31 begins to break higher, the technical summary data tells us to buy AMZN just slightly over 106.31, with an upside target of 107.59. The data also tells us to set a stop loss @ 106.06 in case the stock turns against the trade. 106.31 is the first level of resistance above 105.83, and by rule, any break above resistance is a buy signal. In this case, 106.31, 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 106.31, target 105.58, Stop Loss @ 106.56. Details

The technical summary data is suggesting a short of AMZN if it tests 106.31 with a downside target of 105.58. We should have a stop loss in place at 106.56 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, 106.31, 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 28:

Term →	Near	Mid	Long
Rating	Strong	Strong	Weak
P1	0	0	71.05
P2	105.58	106.31	89.49
P3	109.73	109.92	107.59

Support and Resistance Plot Chart for AMZN

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