Amazon Stock Analysis

Amazon continues to move below the lower bound of the ascending channel it breached two weeks ago but is moving upwards towards 1885.01 resistance.

The Fibonacci retracement rate of 61.8% formed support for the price and pushed it higher.

The price action is above the 7-20 moving averages which turned into levels

Support him and push him to rise and test the resistance 1885.01.

Stochastic in a quiet side path after it was in the path therefore does not provide any new information.

The expected movement between 1664.45 support and 1885.00 resistance.

General direction of movement: Neutral.