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.%
1.1192
-0.0052
0.4602%
1.2950
-0.0052
0.4015%
14.889
-0.116
0.770%
66.168
2.158
3.371%
74.57
0.08
0.11%
1273.375
-2.325
0.182%
 
 
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