Amazon adds to gains - Analysis - 17-01-2017

Amazon's stock kept rising in the short-term trading, scoring a new profit of 0.43% in the last session, or 3.50 points, as the stock trades along the main upward trend line as shown in the attached chart, which limits the stock's short-term movements, with ongoing positive pressure from the SMA for the last 50 days period.
 
Therefore we expect more gains to come for the stock, targeting the pivotal resistance of 843.09, as long as the support of 789.53 holds on.