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( click to enlarge ) Amazon.com, Inc.(NASDAQ:AMZN) stock successfully broke the resistance of the symmetrical triangle confirming a reversal form the previous downward trend. Target price for the pattern is at 210-212. There are however upcoming resistances at 195.94 the previous high and the 200.51 the 200 day MA. From a technical standpoint I think [...]
( click to enlarge ) Amazon.com, Inc.(NASDAQ:AMZN) stock successfully broke the resistance of the symmetrical triangle confirming a reversal form the previous downward trend. Target price for the pattern is at 210-212. There are however upcoming resistances at 195.94 the previous high and the 200.51 the 200 day MA. From a technical standpoint I think more buyers could come as most indicators show strong buy signal. MACD shows buy signal as MACD is on top of signal line and RSI is above 50% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
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