23.11.2018
Amazon shares continue to move in line with the downward trend that has started since October 1.
As it reached the level of support on Wednesday 1429.28 and rebounded in trading on Thursday and the price is still trading below the moving averages that push the price and push it down further. We note that the Stochastic is trading near the area saturation of sale.
The trading range between support 1429.28 and resistance is 1617.71.
Support and resistance:
Support: 1429.28-1360.90
Resistance: 1617.70-1762.55
The overall path is bearish.
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