Trading Amazon.com AMZN With Integrated Risk Controls

July 30, 2021, 06:11 am 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 3332.33 target 3496.10 stop loss @ 3322.71 Details

The technical summary data tells us to buy AMZN near 3332.33 with an upside target of 3496.10. This data also tells us to set a stop loss @ 3322.71 to protect against excessive loss in case the stock begins to move against the trade. 3332.33 is the first level of support below 3377.77 , and by rule, any test of support is a buy signal. In this case, support 3332.33 is being tested, a buy signal would exist.

• Short AMZN under 3496.10, target 3332.33, stop loss @ 3506.2 Details

The technical summary data is suggesting a short of AMZN as it gets near 3496.10 with a downside target of 3332.33. We should have a stop loss in place at 3506.2though. 3496.10 is the first level of resistance above 3377.77, and by rule, any test of resistance is a short signal. In this case, if resistance 3496.10 is being tested, a short signal would exist.

Swing Trading Plans for AMZN

• Buy AMZN slightly over 3496.10, target 3517.06, Stop Loss @ 3486 Details

If 3496.10 begins to break higher, the technical summary data tells us to buy AMZN just slightly over 3496.10, with an upside target of 3517.06. The data also tells us to set a stop loss @ 3486 in case the stock turns against the trade. 3496.10 is the first level of resistance above 3377.77, and by rule, any break above resistance is a buy signal. In this case, 3496.10, 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 near 3496.10, target 3332.33, Stop Loss @ 3506.2. Details

The technical summary data is suggesting a short of AMZN if it tests 3496.10 with a downside target of 3332.33. We should have a stop loss in place at 3506.2 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, 3496.10, 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 3496.10, target 3517.06, Stop Loss @ 3487.94 Details

If 3496.10 begins to break higher, the technical summary data tells us to buy AMZN just slightly over 3496.10, with an upside target of 3517.06. The data also tells us to set a stop loss @ 3487.94 in case the stock turns against the trade. 3496.10 is the first level of resistance above 3377.77, and by rule, any break above resistance is a buy signal. In this case, 3496.10, 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 near 3496.10, target 3332.33, Stop Loss @ 3504.26. Details

The technical summary data is suggesting a short of AMZN if it tests 3496.10 with a downside target of 3332.33. We should have a stop loss in place at 3504.26 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, 3496.10, 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 July 30:

Term →	Near	Mid	Long
Rating	Weak	Strong	Neutral
P1	0	0	3173.96
P2	3591.30	3517.06	3332.33
P3	3663.07	3641.06	3496.10

Support and Resistance Plot Chart for AMZN

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