Amazon.com, Inc. Trading Analysis (29/07/2024)
The trend is ascending. The stock is traded in the range between 365 and 135 ЕМА. The downward truncated wave structure finished with the breach of the pivot 2 of the wave C. There is a bullish divergence on the Awesome Oscillator. Moving averages of the Stochastic Oscillator are out of the oversold zone.
Trading idea:
- Buy at the breach of 183.85.
- Stop-loss at 176.80.
- Price targets at 191.00 and 200.00.
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