Amazon returns lower - Analysis - 22-02-2021

Economies.com
2021-02-22 11:45AM UTC

Amazon's stock returned lower with a 2.35% loss in the last session, while gathering momentum to help it rise anew, as it leans on the 50-day SMA and the main upward trend line in the medium term. 

 

Therefore we expect the stock to return higher, targeting the pivotal resistance of 3,491. 

 

Expected trend for today: Bullish 

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