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 descending wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.

Trading idea:

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

Stop-loss: under the local minimum of the descending structure (97.46);

Target price levels: 102.58, 108.50.