AMZN , may be a long play next days.

[roclerman]

Amazon (AMZN) (09/06/2005)


Position: Not taken yet / Go long in a correction to $42.60/43.2
Long-term..BULL
Mid-term .BUL
Near-term BULL
Intraday........BULL.
Target..........$46-7 (and a second level on $60/62)
STOP.............$40.9

If i'm long now: Wait, set a stop 40.9 or 41.9 and wait for a ride to the mentioned zone.
If i'm short now. Wait for the today's high or the $44 to hold tomorrow. Stop should be above today's high or 44.05 at least.



(Diego M Rolando , roclerman, roc@roclerman.com, 9-6-2005 at the close)

 

[roclerman]

Any thoughts?

 

[BeufordTJustice]

Nice display of charts. Thanks

http://stockcharts.com/gallery/?AMZN

 

[ron2368]

Hate to get long after a 2+ point move, there is just too much room for a pullback.

 

[roclerman]

I like the zone near "the today close" to go long 42-60/43.1 to catch a run to 46-7,
we will see...

 

[roclerman]

Nice opening run today, i guess i'll put stop near the even price now.

thoughts?

 

[PhysicsTrader]

Nice call. I suspect it has another point or two in it. I'll be watching for a pullback and what happens after.