Amazon gathers positive momentum - Analysis - 12-06-2019

Amazon's stock fell 1.55% in the last session, leaning on the 50-day SMA while gathering momentum to help it rise anew and vent off overbought saturation in the RSI, as it trades within an ascending price channel in the short term. 

Therefore we expect the stock to return higher, as long as it settles above 1844.45, targeting the resistance of 1964.46. 

Expected trend for today: Bullish