March 21, 2012

AMAZON Triangle breakout and Resistance levels

  • Amazon has given a Triangle breakout.
  • Daily chart is approaching 200 SMA which will be tough to cross. 
  • Weekly chart shows Ichimoku cloud which should be taken out for a long term up move to happen.
  • Immediate Resistance zone is between 196 - 199 levels as shown in last chart.
  • CISCO BREAKING RESISTANCE LEVELS

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