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Amazon stock analysis 07.06.2019

07.06.2019

Market Review

Amazon was up after the support of 1679.23 but remains within the downside after stability.

The trading range is below 1765.27.

The price moves below the moving averages 7-7 and 50 which press the price to drop and continue to fall and test the next support 1589.27.

  Stochastic has emerged from oversold areas but could return to the move within this area due to price movement near resistance 176.27.

The expected movement between the 1589.27 support and the 1890.43 resistance.

General direction of the movement: bearish.

Author: admin
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