Amazon stock price has reached another record high of 1852.54 in the preceding week and currently is developing slightly below this peak. The price continues the bullish rally as it is still trading above the ascending trend line and the moving averages in the daily timeframe. Looking at momentum indicators, the Relative Strength Index (RSI) is approaching again the overbought zone as it is sloping upwards. The MACD oscillator recorded a bullish crossover with its trigger line and holds well above its [..]
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