Amazon Stock Analysis

Amazon shares continue to move below the lower boundary of the ascending channel that broke last week, thus confirming the end of the bullish path.

The price fluctuated around 1752.04 support which is the 61.8% Fibonacci retracement.

The price continues to move below the 7-20 and 50 moving averages that have turned into levels.

Resistance to the price and press it down and test support 1665.45.

Stochastic was moving within oversold territory and therefore a positive crossover was likely

The support holds 175204 against the price for a while.

The expected movement between 1664.45 support and 1885.00 resistance.

The general trend of the movement: bearish.