Amazon collects profits - Analysis - 06-09-2018

Amazon's stock fell in the intraday levels as traders collect recent profits while the stock vented off overbought saturation in the RSI, marking a final 2.19% loss in the last session, or 44.69 points, amid the dominance of the main upward trend in the medium and short terms, with positive pressure from the 50-day SMA. 

Therefore we expect the stock to return higher, as long as the support of 1925.00 holds on, targeting the resistance of 2096.41. 

Expected trend for today: Likely Bullish