Amazon sharpens decline - Analysis - 12-10-2018

2018-10-12 13:13:46 GMT (Economies.com)
Amazon sharpens decline - Analysis - 12-10-2018
 

Amazon's stock fell in the short term trading, hurt by piercing the main upward short-term trend line recently, with negative pressure from the 50-day SMA, coupled with a noticeable spike in trading volumes, and recording another loss of 2.04%, or 35.89 points. 

 

Therefore we expect more losses for the stock, as long as it settles below 1762.93, targeting the support of 1615.96. 

 

Expected trend for today: Bearish 

 
 
 
  Symbol Last Change Chg.%
1.1474
-0.0048
0.4140%
1.2991
-0.0081
0.6185%
14.754
0.120
0.824%
66.551
-2.730
3.941%
76.22
-3.62
4.53%
1230.765
4.060
0.331%
 
 
News Today