Amazon readies to tackle pivotal resistance - Analysis - 22-05-2018

Amazon's stock (AMZN) rose in the intraday levels, scoring a profit of 0.70% in the last session, or 11.09 points, and readying to tackle the pivotal resistance of 1617.54, amid the dominance of the main upward trend in the medium and short terms, with positive pressure from the 50-day SMA, while the Relative Strength Index reached extremely oversold levels compared to the stock's movements, hunting at a positive divergence forming in the Stochastic indicator as shown below the attached chart. 

Therefore we expect more gains for the stock, especially if the resistance of 1617.54 was breached, targeting the next one at 1782.33.