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Amazon Analysis 19.04.2019

19.04.2019

Market Review

There is no new movement in the Amazon stock as the stock continues to rise after the support level stood at 1765.27 against the price to continue the upward trend towards the target near the level of 1890.43

The price fluctuates above the moving averages 7-7 and 20 which support the price to rise and continue in the bullish path.

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

The expected movement between 1765.27 support and 1890.43 resistance

General direction of the movement: upward

Author: admin
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