Home About the company Daily reviews Trading ideas for Amazon.com, Inc. (NASDAQ) 26.12.2019

Trading ideas for Amazon.com, Inc. (NASDAQ) 26.12.2019

26.12.2019

Market Review

The stock is trading flat in the upper bound range. The resistance level of 1800.0 holds back buyers. Breaking through the support level of 1784.0 will result in the formation of a descending pattern 123. Awesome Oscillator indicator shows bearish divergence, and the Stochastic Oscillator signals overboughtness. The trading plan for sale is still the same.

Trading recommendation:

Sell below 1784.0.

Stop Loss – 1800.00.

Target levels - 1769.0; 1747.0.

Author: admin
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