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.%
1.1368
0.0003
0.0264%
1.2872
-0.0005
0.0419%
15.242
-0.099
0.642%
53.709
-0.128
0.238%
62.50
-0.19
0.30%
1278.865
-2.495
0.195%
 
 
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