years on the market

Amazon Analysis 21.12.2018

The stock slipped at the last session, breaking the support level 1490.51, with the short term bearish correction taking place along a trend line, amid the continuation of the negative pressure of the simple moving average for the previous 50 days, with negative signals on the RSI.

Therefore, our expectations for further decline of the share during the next trading, as long as the stability of the lowest level 1575.97, to target the level of support 1358.68.

The expected direction for today's trading is bearish

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