years on the market

Amazon Stock Analysis

Amazon shares returned to test the upper limit of the descending channel, which crossed last week. After approaching the resistance of 1819.37

Amazon shares continue to move under the positive effect of the 7 -20-50 moving averages that are moving below the price and forming support levels.

Stochastic started out of overbought area will press the price for further decline and test support levels at 20-50 moving averages

Expected trend: Neutral.

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