Amazon leans on SMA support - Analysis - 15-09-2021

Amazon's stock fell 0.21% in the last session amid negative signals from the RSI while gathering momentum to help it rise anew, leaning thereafter on the 50-day SMA, with the dominance of the upward medium-term trend. 

Therefore we expect the stock to return higher, targeting the resistance of 3,576.95, provided the support of 3,389.00 holds on.

Expected trend for today: Bullish