Stocks

Amazon exposed to negative pressure - Analysis - 11-02-2019

2019-02-11 12:52:24 GMT (Economies.com)

Amazon's stock kept falling in the short term, while trading alongside the downward correctional trend line in the short term, recording another loss of 1.62% in the last session, or 26.15 points, while trespassing the support of the 50-day SMA, getting exposed to its negative pressure anew, amid negative signals from the RSI. 

 

Therefore we expect more losses for the stock, as long as it settles below 1595.15, targeting the support of 1476.36. 

 

Expected trend for today: Bearish 

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