Amazon racks up gains - Analysis - 10-08-2018

Amazon's stock kept rising amid positive support from the 50-day SMA, scoring a fresh profit of 0.64% in the last session, or 12 points, amid attempts to finish off a harmonic pattern that's forming currently, the Lightning Bolt pattern, with positive signals from the Relative Strength Index. 

Therefore we expect more gains for the stock, targeting the resistance of 2002.13 to end that harmonic pattern, provided the support of 1762.93 holds on.