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Amazon.com, Inc. ( $AMZN ) is one of the super and best stock to buy and offering possible buying price between $1879.10 – $1973.05, as of June 17th , 2019. Let’s look at the stocks technical actions using a weekly chart.
2. The stock consolidated above the 50 day moving average line early this year.
3. The stock had a nice run after that.
4. The stock had reaction after the run up, and almost gave up all the gains.
5. The stock even dived below the 50 DMA line, and regained the footing in a solid volume.
6. The stock regained the 50 DMA line last week.
7. The potential buying price would be $1879.10 – $1973.05 with a stop loss at $1728.772.
