Amazon surrounded with positive signals - Analysis - 15-08-2018

Amazon's stock gained ground in the last session amid the complete dominance of the main upward trend in the medium and short terms, with positive support from the 50-day SMA, coupled with positive signals from the Relative Strength Index, while the stock attempts to form a harmonic pattern in the medium term, the Lightning Bolt pattern as shown in the attached chart. 

Therefore we expect more gains for the stock, as long as the support of 1858.88 holds on, targeting the resistance of 2002.13.