years on the market

AMAZON Stock Analysis

The stock fell over the bottom of the ascending channel and reached support at 1752.04. He bounced

it up.

The price has moved below the 20 and 50 moving averages that have turned into price resistance levels and are pushing it to the downside and testing the support 1665.45.

Stochastic is exiting the oversold area, thus it is possible to complete the bullish correction and test the resistance levels.

The expected movement between 1664.45 support and 2034.12 resistance

The general direction of the movement is neutral.

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