Amazon falls despite positive pressures - Analysis - 23-06-2017

Amazon's stock (AMZN) fell in the intraday levels, recording a small loss of 0.09% in the last session, or 0.93 points, as the stock attempts to gather momentum to help it rise anew, amid positive support from the 50-day SMA, with positive signals from relative power indicators, as the stock trades within an ascending price channel in the short term. 

Therefore we expect the stock to return higher, as long as the support of 923.72 holds on, targeting the resistance of 1050.00.