Amazon gathers positive momentum - Analysis - 22-06-2021

Amazon's stock declined 0.94% in the last session on profit-taking while gathering momentum to help it rise anew, as it also vented off overbought saturation in the RSI, 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, targeting the pivotal resistance of 3,546, provided the support of 3,341 holds on.

Expected trend for today: Bullish