Tuesday, 20 March 2012

AMZN: poised for $200 again

Considering the style and trend of the current market, despite the weak profit margins, and fragility of the western consumer suffering from higher gas prices...AMZN looks set for at least a minor break higher.

AMZN, daily near term

Primary target would be a simple $200.

AMZN, weekly

Currently cycling back up...obvious target would be $200.  maybe even a backtest to the original trend line of $220 by late April/May?