Amazon gathers positive momentum - Analysis - 13-12-2017

Amazon's stock (AMZN) fell in the short-term trading, recording a loss of 0.33% in the last session, or 3.84 points, as the stock gathers momentum to help it rise anew, with positive signals from the RSI, after reaching extremely oversold levels, amid the dominance of the main upward trend in the medium and short terms, and with positive support from the 50-day SMA. 

Therefore we expect the stock to return higher, as long as the support of 1083.31 holds on, targeting the resistance of 1213.41.