Amazon.com
לונג

AMAZON: Neutral on 1D signals a buy opportunity.

AMAZON is neutral on its 1D technical outlook (RSI = 52.618, MACD = 1.360, ADX = 32.455) and is trading under its 4H MA50. With the long term pattern being a Channel Up and the price already hitting its bottom, this emerges as a medium term buy opportunity. The Channel's pullback has already met the 0.382 Fibonacci retracement condition, which is the level all three prior pullbacks hit before rebounding on a new bullish wave. Those waves hit at least the -0.382 Fibonacci extension on their way up, so that is our target (TP = 247.00).

See how our prior idea has worked out:

AMAZON: Small pullback expected. Buy the dip.


## If you like our free content follow our profile to get more daily ideas. ##

## Comments and likes are greatly appreciated. ##
amazonamazontradingAMZNChart PatternsTechnical IndicatorsStocksstocktradingTrend Analysis

Telegram: t.me/investingscope
investingscope.com

Over 65% accuracy on Private Signals Channel.

Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.

Free Channel: t.me/investingscopeofficial
גם על:

כתב ויתור