Amazon ends cautiously higher - Analysis - 18-01-2021
Economies.com
2022-01-18 11:12AM UTC
Amazon's stock rose 0.57% in the last session, with positive signals from the RSI, settling at 3,242.76, while hurt recently by piercing the main upward trend line, with negative pressure from the 50-day SMA.
Therefore we expect the stock to return lower, targeting the support of 3,127, provided the resistance of 3,313 holds on.
Expected trend for today: Bearish
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