Amazon needs to conclusively break above 1900 to cofirm its uptrend. Watch the trend line dating to 2018.
It is currently finding support at 200 day moving average on daily chart. On a weekly chart, it is finding support at 50 week MA. Momentum indicators such as Money Flow Index show strong momentum and the next move seems to be a leg higher rather than down. If it fails to break out, we will like to see a down move all the way to 1550 region to test its long term support (Trend line dating to 2015).
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