When we look at the chart of the Amazon stock, two things stand out: the clear upward trend and the noticeable hidden bullish divergence in the VOLD indicator. The latter indicates that despite significant efforts, the bears are unable to push the price down. In a clear and long-established upward trend, this suggests further rising prices.
The presented trading idea offers a good risk-reward ratio of 1.6:1.
The presented trading idea offers a good risk-reward ratio of 1.6:1.