Amazon stock analysis for today is carried out using a 6 hour timeframe (log scale). The long term shown in green helps to track market action in Amazon from February 08, 2016. drawn in blue also helps to put price action into perspective from October 24, 2017.
October 2, 2018 saw the price of Amazon close below its 15 months old , and then a close below its longer term of over 33 months for the first time on November 20, 2018.
The implication of price action closing below both lines is . Price action currently has recovered over the since 2016 and needs to overcome immediate resistance or overhead supply between $1783.79 and $1845.40 in order to safely consider entry into a long (buy) position.
Most conservative entry into a long position involves buying on a breakout above the $2014.04 on August 31, 2018.