Amazon seeks a bottom to bolster it - Analysis - 06-05-2021

Economies.com
2021-05-06 09:39AM UTC

Amazon's stock fell 1.25% in the last session while seeking a bottom to bolster it higher anew, amid negative signals from the RSI, with the dominance of the main upward trend in the medium term, coupled with positive pressure from the 50-day SMA. 

 

Therefore we expect the stock to return higher, targeting the pivotal resistance of 3,544, provided the support of 3,244 holds on.

 

Expected trend for today: Bullish 

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