Amazon.com, Inc.(NASDAQ:AMZN)
Started by
Costa
, Jun 05 2012 12:46 AM
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#1
Costa
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- Traders-Talk User
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Posted 05 June 2012 - 12:46 AM
The stock had a nice reversal today, so I look for further upside. Target 220 and then 230. The chart is showing bullish sign as 50-day MA has crossed on top over 200-day MA and form Golden Cross, a bullish signal recently. Although the stock has been on pull back, with MACD still above zero, we should see AMZN going up again soon as ROC is showing stock is oversold.
Costa
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