Amazon: Are we at a good buying level? We look to Buy at 3408.30 (stop at 3307.80)
Amazon - Short Term - We look to Buy at 3408.30 (stop at 3307.80)
Daily signals are bullish. Closed above the 200-day MA. Trend line support is located at 3335.00. 3300.00 continues to hold back the bears. This is positive for sentiment and the uptrend has potential to return. Further upside is expected and we look to set longs in early trade.
Our profit targets will be 3750.40 and 3850.00
Resistance: 3500.00 / 3750.00 / 4000.00
Support: 3300.00 / 3200.00 / 3000.00
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