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Amazon price gathers positive momentum - Forecast today - 18-04-2024
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Amazon price gathers positive momentum - Forecast today - 18-04-2024
Apr 18, 2024 8:08 AM

Amazons stock price (AMZN) fell and leaned on support of the upward secondary trend line in the short term, with positive pressure from the 50-day SMA, while the RSI reached oversold levels.

Therefore we expect the stock to return higher, targeting the main resistance of $200.00, provided it settles firmly above $181.30.

Trend forecast: Likely Bullish

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