Amazons stock price (AMZN) inched down in the intraday levels on profit-taking, while gathering positive momentum to rise anew, after shaking off negative pressure from the 50-day SMA, amid the dominance of the main upward trend in the short-term, with positive signals from the RSI despite reaching overbought levels.

Therefore we expect the stock to return higher, targeting the pivotal resistance of $190.00.

Trend Forecast: Likely Bullish