Amazon.com, Inc. (AMZN) Message Board

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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 220.66

+1.6%

Nov 21 9:30 AM EST

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To: Olu Emuleomo who wrote (77211)	9/12/1999 12:08:00 PM
From: brian z	of 164684

AMZN now trades back over its 200-dma since mid-July. The whole Internet sector as a subsection of technology has momentum behind it and I expect that rotation to carry through, barring any unpleasantries on the inflation front. Technically, there is good support at $62 and I believe dips are buyable to that point. Resistance is at $68, then $70. However, based on a cup and handle formation in the making since mid-July, it appears that AMZN is likely to continue up. The next resistance point is at $80.

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