​Amazon stock analysis


 Amazon started the upward movement above the support level 3330.00 after it managed to rise above the previous support level 3105.00. Thus, ending the lower movement by breaching the mentioned levels

We notice on the chart that the price is moving above the 20- 50 moving averages, so it is possible to see the continuation of the current bullish path

While the stochastic oscillator is moving sideways within the overbought area, it will signal for further upside

The general direction of the price movement: an upward path


Grandcapital

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