American Stocks Analysis
Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Amazon strives to shake off negative pressure - Analysis - 27-10-2020
Economies.com
2020-10-27 13:23PM UTC
Amazon's stock (AMAZON) rose 0.08% in the last session with positive signals from the RSI after reaching oversold levels, amid the dominance of the main upward trend in the medium term, with negative pressure from the 50-day SMA.
Therefore we expect more gains for the stock, targeting the record resistance at 3,545, provided the support of 3,082 holds on.
Expected trend for today: Bullish
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