Technical Analysis and Outlook
The Amazon finished lower hovering under Mean Resistance $1667 and is prone to progress to significant Mean Resistance $1789 and Key Resistance $1831.50, while the downside Mean Support $1533.30 is lying beneath. Once the stock extends the ascend by closing above Key Resistance $1831.50, it would extend mid-term bullishness sentiment much higher.
The Amazon finished lower hovering under Mean Resistance $1667 and is prone to progress to significant Mean Resistance $1789 and Key Resistance $1831.50, while the downside Mean Support $1533.30 is lying beneath. Once the stock extends the ascend by closing above Key Resistance $1831.50, it would extend mid-term bullishness sentiment much higher.