Amazon Trading Analysis (24/06/2025)
The trend is ascending. The stock is trading within the 365-135 EMA range. The downward truncated wave structure ended when the sloping channel was broken. There is a bullish divergence on the Awesome Oscillator and a signal of an oversold condition on the Stochastic Oscillator.
Trade idea:
- Buy on the breach of 210.30.
- Stop-loss at 207.20.
- Price targets are 214.50 and 217.00.
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