Amazon tries to vent off oversold saturation - Analysis - 07-10-2021

2021-10-07 11:34:23 GMT (Economies.com)
 

Amazon's stock (AMAZON) rose 1.27% in the last session after the pivotal support of 3,176 held on amid attempts to recoup some recent losses, while venting off oversold saturation in the RSI, amid positive signals out of them, while trading alongside the downward correctional short-term trend line, with negative pressure from the 50-day SMA.

 

Therefore we expect the stock to return lower, targeting the pivotal support at 3,176.50.

 

Expected trend for today: Bearish 

 
 
 
  Symbol Last Change Chg.%
1.0172
-0.0047
0.4560%
1.2108
0.0004
0.0306%
20.117
-0.134
0.662%
86.718
-0.543
0.622%
92.34
-2.76
2.90%
1775.265
-6.420
0.360%
 
 
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