Amazon Analysis 12.04.2019

There is no new movement in the Amazon stock as the stock continues to rise after holding the support level 1765.27 against the price where he tested several times last week and was unable to penetrate to continue the upward trend of the price.

The price fluctuates above the moving averages 20 and 50 which support the price to rise and continue in the bullish path.

Stochastic in the oversold area and out of it may push the price for a correction and retest support.

The expected movement between 1765.27 support and 1890.43 resistance.

The general direction of the movement: neutral.