Trading idea for Amazon.com, Inc. (NASDAQ)

#AMZN

The overall trend is ascending. The descending wave pattern has completed with the breaching of the inclined channel and is now truncated. There is a bullish divergence on the Awesome Oscillator. The breach of the 458.0 level will form an ascending wave pattern.

Trading idea:

Buy when the 3458.0 level is breached.

Stop loss: 3300.0.

Target levels: 3600.00; 3755.00.