Trade Idea for Amazon.com, Inc. (NASDAQ)

Amazon.com, Inc. (NASDAQ)

#AMZN

    The trend is upward. The stock is trading within the range between the 365 EMA and 135 EMA. The truncated descending wave structure has completed with a breakout of the trend channel. The Awesome Oscillator shows bullish divergence, while the Stochastic Oscillator signals oversold conditions.

Trading Idea:

Buy on a breakout: 228.50.

Stop Loss: 225.00.

Target levels: 235.50; 248.00.