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Amazon Analysis 01.03.2019

01.03.2019

Market Review

Amazon shares remain in a sideways move between 1587.74 support and resistance at 1676.43

The price started to move above the moving averages in a signal to start the upside move provided that the resistance level is breached at 1676.43

Stochastic in a sideway move is likely to form some positive pressure on the price.

The general movement is still sideways so we will keep the neutrality in the decision

General direction of the movement: neutral

Author: admin
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