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AMAZON Stock Analysis

26.07.2019

Market Review

Amazon failed to breach the support level of 1953.11 after testing it several times this week.

The price is hovering above the 20 and 50 moving averages which form price support levels and the price is pressed to the upside and 2034.12 resistance is tested again.

Stochastic is in a bullish path so we can see the price attempt to rise and retest the resistance 2034.12.

The expected movement between 1885.00 support and 2050.79 resistance

General direction of the movement: upward.

Author: admin
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