TECH Buy 04.07.2024 08:53
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, within which the wave iii of 5 is forming. If the assumption is correct, the asset will grow to the area of 220.00–230.00. In this scenario, critical stop loss level is 181.06.
Indicators
Overall recommendation Sell
Overall recommendation Wait
Overall recommendation Sell
Overall recommendation Wait
Overall recommendation Wait
Overall recommendation Wait
Overall recommendation Buy