TECH Buy 23.05.2024 08:28
Amazon.com Inc.: wave analysis
Growth is possible.
On the daily chart, the wave C of the higher level forms, within which the third wave (3) of C develops. Now, the third wave of the lower level 3 of (3) has formed, a local correction has ended as the fourth wave 4 of (3), and the fifth wave 5 of (3) is developing. If the assumption is correct, the asset will grow to the area of 210.00–220.00. In this scenario, critical stop loss level is 175.82.
Indicators
Overall recommendation Buy
Overall recommendation Buy
Overall recommendation Active Buy
Overall recommendation Wait
Overall recommendation Buy
Overall recommendation Wait
Overall recommendation Buy