Amazons stock price (AMZN) rallied in latest intraday trading, readying to tackle the current resistance of $214.85, while boosted by trading above the 50-day SMA, as the price trades alongside the secondary upward trend line in the short term, with positive signals from the Stochastic despite reaching overbought levels.

Therefore we expect more gains for the price, especially if the aforementioned resistance of $214.85 is reliably breached, targeting the next one at $233.00.

Todays price forecast: Bullish