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Amazon surrounded with negative signals - Analysis - 10- 09-2019
Amazon's stock fell after the resistance of 1844.88 held on, amid negative pressure from the 50-day SMA, while hurt by exiting an ascending price channel recently, with negative signals from the RSI after reaching overbought levels.
Therefore we expect more losses for the stock, as long as the resistance of 1844.88 holds on, targeting the support of 1747.20.
Expected trend for today: Bearish
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