Amazon gives in to negative pressure - Analysis - 19-10-2018

Amazon's stock fell after piercing the main upward trend line in the medium term, with negative pressure from the 50-day SMA, recording a loss of 3.33% in the last session, or 61.01 points, countered with positive signals from the RSI. 

Therefore we expect more losses for the stock, especially if the support of 1762.93 was breached, targeting the support of 1615.96. 

Expected trend for today: Bearish