Amazon tries to vent off oversold saturation - Analysis - 20-11-2019

Economies.com
2019-11-20 13:23PM UTC

Amazon's stock fell off a high at 1760.48 in the last session, while trying to vent off oversold saturation in the RSI, amid the dominance of the downward short-term trend, with negative pressure from the 50-day SMA. 

 

Therefore we expect the stock to decline and target the support of 1720.00. 

 

Expected trend for today: Bearish 

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