01.11.2019
Amazon shares continue to move within the descending channel that appears on the chart as it reached the upper limit of the channel under the influence of moving averages 7-20-50 moving below the price and forming support levels.
Fibonacci retracement is moving around 23.6% and the price is trying to reach the next 38.2%.
Stochastic is moving in a sideways path within the overbought area, thus the exit of the indicator from this area will put the price down.
Expected trend: Neutral.
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