Amazon Analysis 22.03.2019

Amazon continues to move on the upside after breaching the resistance level 1765.27 and closing above it and heading steadily to the next resistance level at 1890.40

The price action is supported by the moving averages 7-20-50 which is in a bullish order below the price which contributed to the breach of the price level resistance 1765.27 and close above it.

Of the stochastic which entered the overbought area and its exit would be a sign of a weakness in the movement of the ascending path and a correction of the path towards the previous resistance level 1765.27

General direction of the movement: upward