years on the market

Amazon stock analysis 05.07.2019

Amazon shares are trading above 1891.97.

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

Stochastic is moving upward and entering the overbought area so we can see the price try the 1965.13 resistance again.

The expected movement between 1679.23 support and 2050.79 resistance.

General direction of the movement: upward.

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