years on the market

Amazon stock analysis 14.06.2019

Amazon shares rose after support steadied 1679.23 and reached resistance 1890.43.

The price is moving above the moving averages 7-20 and 50 which are forming support levels for the price and the price is pressed to rise and test the resistance again.

Stochastic is out of the overbought areas in a bearish move so we can see some correction in the price action.

The expected movement between 1679.23 support and 2050.79 resistance.

General direction of the movement: upward.

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