Amazon.com may rise to 202.00 - 207.00

Pivot

196.00

Our preference

Long positions above 196.00 with targets at 202.00 & 207.00 in extension.

Alternative scenario

Below 196.00 look for further downside with 192.50 & 190.00 as targets.

Comment

The RSI is mixed and calls for caution.

Supports and resistances

211.00

207.00

202.00

197.58 Last

196.00

192.50

190.00

Number of asterisks represents the strength of support and resistance levels.