Amazon Analysis 07.12.2018

Amazon was succeeded in rebounding from the support level 1621.2 near the SMA 20 to approach the SMA 50 which is a resistance to the price will try to prevent it from rising again and reaching the target 1806.20 where the price is trading between the moving averages 7-20-50.

Note that the Stochastic is starting to lose its bullish momentum as it left the overbought area in a negative bearish signal.

Support and resistance:

Support: 1621.2-1430.3;

Resistance: 1806.2-2048.2.