(Finance) – Moderate descent for Amazonwhich proposes a negative percentage change of 0.58% compared to the previous session.
The UK has greenlighted Amazon’s $1.7 billion acquisition of robotic vacuum cleaner company iRobot. The Competition and Markets Authority (CMA) said the deal would not cause competition problems in the UK market.
The EU will decide by 6 July whether or not to launch a phase 2 investigation.
The technical scenario seen in one week of the title compared to the index NASDAQ 100shows a slowdown in the trend of e-commerce giant compared toindex of US technology stocksmaking the stock a potential target for investors to sell.
Signs of strengthening for the short-term trend with the most immediate resistance seen at USD 127.7, with a current stage controlling support level estimated at 125.2. The balanced bullish strength of Amazon it is supported by the upward crossing of the 5-day moving average over the 34-day moving average. Due to the technical implications assumed, we should see a continuation of the bullish phase towards 130.2.