Amazon regains footing - Analysis - 21-03-2018

Amazon's stock (AMZN) returned higher in the short-term trading, scoring a profit of 2.69% in the last session, or 41.58 points, amid positive pressure from the 50-day SMA, with the dominance of the main upward trend in the medium and short terms. 

Therefore we expect more gains for the stock, as long as the support of 1498.00 holds on, targeting the resistance of 1640.86.