Amazon emits more positive signals - Analysis - 20-03-2023

Economies.com
2023-03-20 12:40PM UTC

Amazon's stock (AMZN) fell in the intraday levels, amid the dominance of the upward correctional wave in the short term, with positive signals from the RSI, coupled with positive support from the 50-day SMA,  with the stock moving alongside the main downward trend line in the medium term, with the stock attempting to gather positive momentum to recover anew.

 

Therefore we expect the stock to return higher, targeting the resistance of 109.77, provided the support of 92.85 holds on.

 

Expected trend for today: Bullish

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