Amazon continues to move below the lower bound of the ascending channel it breached two weeks ago but is moving upwards towards 1885.01 resistance.
The Fibonacci retracement rate of 61.8% formed support for the price and pushed it higher.
The price action is above the 7-20 moving averages which turned into levels
Support him and push him to rise and test the resistance 1885.01.
Stochastic in a quiet side path after it was in the path therefore does not provide any new information.
The expected movement between 1664.45 support and 1885.00 resistance.
General direction of movement: Neutral.