Amazon strives to regain footing - Analysis - 26-11-2021

Amazon's stock rose barely 0.01% in the last session in a volatile session after leaning on the important support of 3,548, lending it positive momentum after the RSI reached oversold levels, while gathering momentum to help it rise and anew and settle at 5,380.41, amid the dominance of the main upward trend in the medium term, with support from the 50-day SMA.

Therefore we expect more gains for the stock, targeting the pivotal resistance of 3,769, provided the support of 3,548 holds on.

Expected trend for today: Bullish