25.10.2019
Amazon's stock is moving downwards within the channel shown on the red chart. The price is currently moving below the 7-50 moving averages which form resistance levels and press it to fall further while the 20 average is a support level.
Stochastic is moving downwards after it exited the overbought area thus it is likely to press the price to test support 1708.02
Expected trend: Bearish.
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