Amazon gathers positive momentum - Analysis - 17-05-2019

Amazon's stock fell in an attempt to gather momentum, amid positive support from the 50-day SMA, with positive signals from the RSI, while trading alongside the upward short-term trend line. 

Therefore we expect the stock to rise and targeting the pivotal resistance of 1959.40, as long as the support of 1844.45 holds on. 

Expected trend for today: Bullish