TECH Buy 25.04.2024 08:28
Amazon.com Inc.: wave analysis
The price is in a correction and may grow.
On the daily chart, the wave C of the higher level develops, within which the third wave (3) of C forms. Now, the third wave of the lower level 3 of (3) has formed, and a local correction is ending as the fourth wave 4 of (3). If the assumption is correct, the asset will grow to the area of 195.00–210.00. In this scenario, critical stop loss level is 170.40.
Indicators
Overall recommendation Buy
Overall recommendation Buy
Overall recommendation Sell
Overall recommendation Wait
Overall recommendation Sell
Overall recommendation Sell
Overall recommendation Wait