Amazon surrounded with positive signals - Analysis - 18-03-2019

Amazon's stock rose 0.19% in the last session while buoyed by exiting a descending price channel that guided recent short-term trading, with positive support from the 50-day SMA, coupled with positive signals from the RSI, tackling the resistance of 1716.20. 

Therefore we expect more gains for the stock, especially if the resistance of 1716.20 was breached, targeting the next one at 1845.00. 

Expected trend for today: Bullish