Amazon stock analysis 21.06.2019

Amazon shares rose after support steadied 1679.23 and reached resistance 1890.43 and managed to overcome them.

The price is moving above the moving averages 7-7 and 50 which are forming support levels for the price and the price is pressed to rise and test the resistance again.

The stochastic is moving within the overbought area in a sideways movement, so it is possible to see some correction in the price action if the price comes out of this area.

The expected movement between 1679.23 support and 2050.79 resistance.

General direction of the movement: upward.