Amazon moves in sideways trading - Analysis - 20-09-2019

Economies.com
2019-09-20 13:51PM UTC

Amazon's stock steadied in the short term, as the pivotal resistance of 1844.88 held on, while hurt by exiting an ascending price channel, with still positive signals from the RSI. 

 

Therefore we expect the stock to decline and target the pivotal support of 1747.20. 

 

Expected trend for today: Bearish 

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