Amazon shares continue to move within the descending channel that appears on the chart as it reached the upper limit of the channel under the influence of moving averages 7-20-50 moving below the price and forming support levels.
Fibonacci retracement is moving around 23.6% and the price is trying to …
The overall movement of the currency pair is upward, following by 135 and 365 moving averages in the trading range. Stochastic Oscillator indicator signals oversoldness.
Trading recommendations:
Buy while an ascending pattern is forming.
Stop loss under the support level 108.50.
Target levels – 108.90; 109.26.
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