years on the market

AMAZON Stock Analysis

AMAZON  dropped under  the support levels of 1953.11-1885.01, close to the minimum of the ascending channel in which it trades.

The move is under the moving averages 20 and 50 which turned into resistance to the price and pressure it to decline and test the support 1828.80.

Stochastic is moving sideways within the oversold area so it is possible to choose the supported support within the zone.

The expected movement between 1828.80 support and 2034.12 resistance

General direction of the movement: upward.

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