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Amazon Analysis 05.04.2019

05.04.2019

Market Review

Amazon continues to rise after the support level stood at 1765.27 against the price, where he tested several times last week and was unable to break it to continue the bullish trend of the price.

The price fluctuates above the moving averages 20 and 50 which support the price to rise and continue in the bullish path.

Stochastic in the oversold area and out of it may push the price for a correction and retest support.

The expected movement between 1765.27 support and 1890.43 resistance.

The general direction of the movement: neutral.

Author: admin
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