Amazon leans on SMA support - Analysis - 29-07-2019
Economies.com
2019-07-29 14:43PM UTC
Amazon's stock skidded and leaned on on the support of the 50-day SMA, amid negative signals from the RSI, amid the dominance of the upward trend in the medium and short terms, while trading within an ascending price channel, as the stock seeks a bottom to bolster it.
Therefore we expect the stock to return higher, provided the support of 1870.63 holds on, targeting the resistance of 1964.46.
Expected trend for today: Bullish
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