#AMZN bullish signal
Position: long
Entry price: 3320-3350$
Target price: 3500-3540$
RSI: approaching 30 which is oversold territory
Keltner Channel: the price at the lower boundary of the channel
Candle pattern: bullish hammer
Conclusion: Candle pattern, RSI and Keltner Channel suggest a pullback to the upside. Long position is recommended on the lower band area with the target zone at upper boundary.
Provided analyse is for an informational purpose only and should not be taken as a professional financial advice.
Position: long
Entry price: 3320-3350$
Target price: 3500-3540$
RSI: approaching 30 which is oversold territory
Keltner Channel: the price at the lower boundary of the channel
Candle pattern: bullish hammer
Conclusion: Candle pattern, RSI and Keltner Channel suggest a pullback to the upside. Long position is recommended on the lower band area with the target zone at upper boundary.
Provided analyse is for an informational purpose only and should not be taken as a professional financial advice.
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