Amazon.com may rise to 183.40 - 185.80

Pivot

180.80

Our preference

Long positions above 180.80 with targets at 183.40 & 185.80 in extension.

Alternative scenario

Below 180.80 look for further downside with 178.70 & 176.60 as targets.

Comment

The RSI is below its neutrality area at 50% but reversing up.

Supports and resistances

187.50

185.80

183.40

182.61 Last

180.80

178.70

176.60

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