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Amazon stock analysis 24.05.2019

24.05.2019

Market Review

Amazon is back on the downside after 1890.43 broke and closed below it.

The price fluctuates below the moving averages 7-7 and 50 which press the price to drop and continue to decline and test the next support 1765.47.

Stochastic is in a downtrend and is heading towards oversold areas so the price could drop to support levels 1756.27.00.

The expected movement between the support 1765.27 and the resistance 2050.80.

General direction of the movement: bearish.

Author: admin
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