Amazon (AMZN) – 29.12.2016

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444

Note: Our target price was hit on 09/01/2016

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We all love using Amazon!! Clearly it has been reflected on the share price which has raised 25% from $662 to $772.

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Looking at the technical analysis, it seems Amazon still has a lot more to offer. Although there is a strong resistance at $779, we believe $765 – $772 range provides an excellent buying opportunity. The resistance will be broken shortly. Our target price is $800.

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This cannot be considered an investment advice!!