Amazon Analysis 15.03.2019

Amazon has been able to breach the resistance 1676.43 and close above it during the past two days but does not provide good signals for the continuation of the bullish movement.

The price is moving above the moving averages 7-20-50 which is in a bullish order that contributed to the breach of the resistance level at 1676.43 and the closing above it.

Note that the price is drawing a small candle gives a signal to weakness in the upward path and this is reflected from the Stochastic index, which entered the area of saturation of the purchase in reference to the weakness of the movement of the ascending path

General direction of the movement: neutral