Amazon.com, Inc. (AMZN) Message Board

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

AMZN 222.69

+0.1%

3:59 PM EST

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To: saber hormi who wrote (2433)	3/24/1998 6:52:00 PM
From: Clark Wang	Read Replies (1) of 164684

All, here comes another triangle. Remember the ascending triangle I mentioned long time ago. Message 3395513 Message 3650389 Does anyone see a symmetrical triangle developing during past two weeks? Again, two possible scenario: 1. If AMZN closed above 87 and clear previous high 88.25, shorts will be in trouble again. The projected target is around 98-100. 2. If AMZN closed below 80 (and 20-day moving average at 78-80), the current uptrend may be in jeopardy. This will also confirm the weakening and divergent RSI (9-day). And MACD will have a cross-over. In any case, join the trend and enjoy the ride.

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