Amazon still suffers from negative pressure - Analysis - 09-08-2019

2019-08-09 14:13:13 GMT (Economies.com)
 

Amazon's stock rose in the intraday levels amid positive signals from the RSI while venting off oversold saturation in the RSI, as the stock exited an ascending price channel that guided recent medium-term trading, with negative pressure from the 50-day SMA. 

 

Therefore we expect the stock to return lower, as long as the resistance of 1844.88 holds on, targeting the first support at 1747.00. 

 

Expected trend for today: Bearish  

 

 
 
 
  Symbol Last Change Chg.%
1.1003
-0.0021
0.1864%
1.2841
0.0040
0.3160%
Tadawul
7932.52
-48.79
0.61%
16.985
0.182
1.086%
57.435
0.076
0.133%
62.37
0.31
0.50%
1464.785
6.505
0.446%
 
 
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