Amazon Analysis 14.12.2018

Amazon tested the resistance level at 1693.8 but did not manage to breach this level due to the pressure from the 50 SMA which is a negative pressure on the price and pushing it down and testing the support level 1526.5

Stochastic gives bullish cross signals above the oversold area that may push the pair towards retesting the previous resistance level

The MACD is moving below the zero level and is heading towards breaching this level and if it does, it will push the price towards further downside

Support and resistance:

Support: 1526.5-1430.3

Resistance: 1693.8-1765.5