AMZN, TSLA, PCLN Near Term Trend And Trading Levels: 15 Feb 2018
Abhishek M R | Feb 15, 2018 04:26AM ET
AMZN Amazon.com (NASDAQ:AMZN)
Daily & Weekly Charts suggest: Mild Bullish Momentum in play yet Long-legged Doji Formation on the monthly charts tells, Upside is limited & stock will enter correction phase sooner or latter. Traders should utilize the opportunity to sell on rise
Daily & Weekly Levels: Support & Best Buy level 1385 - 1410.80, Target in focus 1470 - 1482 - 1495 in extension.
Monthly/Positional Trade Levels: Best sell level 1470 - 1482, Positional target in focus 1370 - 1355, 1302.70 - 1278 in extension
TSLA Tesla (NASDAQ:TSLA)
Daily & Weekly trend: Mild Bullish, Target in focus 334.80 above 320, however monthly trend is firm bearish, Near term or positional traders should make use of the rise to sell or build short positions
Support & Best Buy level 314 - 318.50 above 320 target in focus 333.80 - 334.80 & 349.80 If extended
Positional Trade Levels: Resistance & best short level 334.80 - 338 positional targets capped @ 298 - 294 - 270 & 255 in exension below 305.20
PCLN Priceline.com (NASDAQ:PCLN)
Daily & Weekly trend remains Mild bullish, Support & best buy level 1790 - 1802, target in focus 1830 - 1862 - 1875, However on a broader perspective Monthly time frame, Indicators on the charts suggests the Stock has more steam left for the downside targetting 1696 - 1675 & 1645 in extension
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