years on the market

Amazon Stock Analysis

The stock fell over the bottom of the ascending channel and reached support at 1752.04. He bounced it up.

The price has moved below the 20 and 50 moving averages that have turned into price resistance levels and are pushing it down and testing the support 1665.45.

Stochastic formed a bearish cross and started moving towards the oversold area thus likely

Re-test support again.

The expected movement between 1664.45 support and 1885.00 resistance.

The general trend of the movement: bearish.

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