Showing posts with label AMAZON. Show all posts
Showing posts with label AMAZON. Show all posts

August 1, 2011

AMAZON Moving up with Negative Divergence

  • Amazon Weekly chart continue to move up with negative divergence.
  • Correction will happen only if the trend lines gets broken. If the blue trend line is broken we will see good correction. If not price will continue to move up with negative divergence.
  • MSFT WEEKEND UPDATE

April 28, 2011

AMAZON Price Volume Breakout

  • AMAZON Daily chart has given a breakout. 
  • Volume has also spiked above the daily average volume.
  • Week chart was trading in a range of 160 - 190.
  • Price has violated this range. If Week closes and sustains above 190 Amazon will TARGET 215 and above in the coming weeks.
  • Price falling below 190 will be negative for the bulls.
  • SLV CHART ANALYSIS