September 19, 2010

AMAZON.COM Technical analysis

WEEKLY CHART
DAILY CHART WITH NEGATIVE DIVERGENCE
  • AMAZON is approaching its recent high of 151 shown in the weekly chart above.
  • Stock is also showing good negative divergence shown in the daily chart.
  • 151 may be tough to cross for the stock. If it manages to cross 151 another up move is possible. But negative divergence may not allow the stock to cross 151.

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