timwest

AMZN closer to support than resistance

BATS:AMZN   Amazon.com, Inc
I view Amazon as close enough to a level to buy because the distance to "massive support" is roughly 12 pts away and the distance to "strong sellers is 22 points. This provides us with nearly a 2:1 ratio of upside potential to downside risk.

By: Tim West, June 4, 2012 209.88 last, 9:41AM EST

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