AMAZON 1H long
Amazon went under the EMA200 and touched the oversold area on the 1H timeframe.
Now there is a bullish jeddingen divergence (price vs momentum). The short-term downtrend might reverse and the stock should continue the long-term upward Trend.
First profit target ist the current value of the EMA200. If that level was reached, price could go up to the weekly pivot. When the pivot was hit, price could go up to the original trend-line.
Now there is a bullish jeddingen divergence (price vs momentum). The short-term downtrend might reverse and the stock should continue the long-term upward Trend.
First profit target ist the current value of the EMA200. If that level was reached, price could go up to the weekly pivot. When the pivot was hit, price could go up to the original trend-line.
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