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Amazon Stock Analysis

17.05.2019

Market Review

Amazon is back on the uptrend after the resistance broke through 1891.79 and closed above it after last week's drop 

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

  The stochastic is out of oversold areas on a bullish upward path so the price could rise to the 1951.00 highs 

The expected movement between the support 1765.27 and the resistance 2050.80 

General direction of the movement: upward 

Author: admin
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