Amazon.com
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Amazon back on the track!

Amazon - 30d expiry - We look to Buy a break of 105.11 (stop at 98.39)

We have a Gap open at 28/10/2022 from 110.96 to 97.91.
Bullish divergence can be seen on the daily (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher.
Prices have reacted from 81.43.
Short term momentum is bullish.
Short term bias has turned positive.
A break of the recent high at 104.87 should result in a further move higher.

Our profit targets will be 121.88 and 125.88

Resistance: 103.50 / 104.87 / 112.00
Support: 101.00 / 97.50 / 91.52

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