Amazon sharpens decline - Analysis - 12-10-2018

Amazon's stock fell in the short term trading, hurt by piercing the main upward short-term trend line recently, with negative pressure from the 50-day SMA, coupled with a noticeable spike in trading volumes, and recording another loss of 2.04%, or 35.89 points. 

Therefore we expect more losses for the stock, as long as it settles below 1762.93, targeting the support of 1615.96. 

Expected trend for today: Bearish