Amazon climbs through negative pressures - Analysis - 23-03-2021

Economies.com
2021-03-23 10:37AM UTC

Amazon's stock (AMAZON) rose 1.17% in the last session while suffering negative pressure from the 50-day SMA, amid the dominance of the downward correctional wave, with negative signals from the RSI. 

 

Therefore we expect the stock to return lower, targeting the pivotal support of 2,877.40. 

 

Expected trend for today: Bearish 

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