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Oct 9, 2019 10:25 PM

AMZN 1D Bullish Divergence Long

Amazon.com, Inc.NASDAQ

Description

Using AutoDivergence to identify Divergences on the AMZN 1D Chart shows that in this case Divergences of Price vs. CCI might indicate trend-reversals pretty accurate.
There was a bullish Divergence that started at the end of September. Price started to rise on the first days of October an then went down a little-bit. This can be considered as pullback since the current candle is green again. Looks like a good Opportunity to enter a long Position.
Profit-Target is the monthly Pivot-Point at 1766.

Trade closed: target reached

Profit target was hit as predicted!
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