Stocks

Amazon racks up gains - Analysis - 10-08-2018

2018-08-10 13:28:03 GMT (Economies.com)

Amazon's stock kept rising amid positive support from the 50-day SMA, scoring a fresh profit of 0.64% in the last session, or 12 points, amid attempts to finish off a harmonic pattern that's forming currently, the Lightning Bolt pattern, with positive signals from the Relative Strength Index. 

 

Therefore we expect more gains for the stock, targeting the resistance of 2002.13 to end that harmonic pattern, provided the support of 1762.93 holds on. 

More Analysis

Risk Disclaimer : MetaPlace Limited would like to remind you that the data provided in this site is not necessarily in real time or accurate. All stock prices, indices, futures and foreign exchange rates are not provided by exchanges but by market makers, so prices may not be accurate, may differ from the price of the actual market, which means that the quotes represent an indication and are not suitable for commercial purposes. Therefore MetaPlace Limited does not assume any responsibility for any business losses that may be incurred as a result of the use of this data.