Amazon starts recovering - Analysis - 25-05-2023

Amazon.Com's stock (AMZN) rose in the intraday levels amid the dominance of the upward correctional trend in the short term, with positive support from the 50-day SMA, marking a fresh profit of 1.53% in the last session, or 1.76 points, and settling at 116.75, amid negative signals from the RSI after reaching overbought levels. 

Therefore we expect more gains for the stock, targeting the resistance of 125.50, provided it settles above 114.00.

Expected trend for today: Bullish