Tuesday, July 15, 2014

A Breakout and Key Levels in Amazon AMZN

Amazon.com is showing signs of life this morning with a range breakout into a key resistance area.
Let’s update our Amazon (AMZN) chart planning levels and note what event could trigger a breakout trade.

I like to keep the charts simple, so let’s focus our attention on the highlighted box (between the $322 and $338 levels) and note today’s breakout above the upper resistance and $340 level. (more)
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