pool adsWhy the Technicals for Amazon.com AMZN can be More Revealing than the Fundamentals
#technicalanalysis provides insights that #fundamentalanalysis cannot. We can use that to our #advantage in Amazon.com (NASDAQ: AMZN). Using the data offered below we have a real-time example. Review The technical data for AMZN below, and the added value of technical analysis will become clearer. Trading plans are derived naturally from the technicals. This data is current, but it is not real time. If you want a real time update, or data on a different stock, please get one here Unlimited Real Time Reports.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Strong | Weak | Strong |
| P1 | 0 | 0 | 3126.06 |
| P2 | 3229.55 | 3228.78 | 3352.36 |
| P3 | 3262.51 | 3295.42 | 3604.33 |
Support and Resistance Plot Chart for AMZN
Longer Term Trading Plans for AMZN
June 1, 2021, 2:00 am ET
AMZN - (Long) Support Plan
Buy over 3126.06 target 3352.36 stop loss @ 3117.03
AMZN - (Short) Resistance Plan
Short under 3352.36, target 3126.06, stop loss @ 3362.04
Blue = Current Price
Red= Resistance
Green = Support
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