Amazon Trading Analysis (17/02/2025)
The trend is ascending. The stock is trading in the range between 365 and 135 ЕМАs. The downward truncated wave structure ended with the break of the sloping channel. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold condition.
Trade idea:
- Buy on the breach of 229.31.
- Stop-loss at 227.18.
- Price targets at 233.85 and 241.00.
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