The Amazon.com, Inc. (NASDAQ) Analysis, Chart, and Trading Idea

#AMZN
 

The trend is ascending. The stock is traded in the range between 365 and 135 ЕМА. The downward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator.
 

Trading idea:

Buy at the formation of the ascending wave structure, when the (A) wave breaches the sloping channel of the descending truncated structure;

Stop-loss: under the local minimum of the descending structure 95.48;

Target price levels: 102.58, 108.50.