Amazon shares remain in a sideways move between 1588.74 support and resistance at 1676.43.
The price fluctuates between the 50 and 20 moving averages that continue to form a kind of channel in which the price moves within which the average is 50 support and the average 20 resistance.
Stochastic is starting to move up the upside path towards the overbought area and if it is able to reach it we will see more bullish price action.
The general direction of the movement: neutral.
