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Wednesday, April 30, 2014

$amzn a buy - pinched, not dreaming

Did not think I would be inclined to go long amzn, yet here I am, highlighting the technical set up signalling an entry point. 

Afew weeks ago, The 98sma on the weekly was pointed out as an entry point. It was tested and here we are.

Fundies look interesting too.

Like clock work, the march quarter was the spending quarter.

But through the decent fundies and interesting technicals, an interesting fact, FB has a higher market cap then AMZN. That just doesnt seem right considering the role Amazon plays in retail. 

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