Amazon.com may rise to 198.80 - 203.30

Our pivot point stands at 177.5.

Our preference

As long as 177.5 is support look for 198.8.

Alternative scenario

The downside breakout of 177.5 would call for 170 and 165.6.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 183.147 and 181.2467).

Supports and resistances

207.9 **

203.3 *

198.8 **

194.4

184.7 (USD-last)

180.4

177.5 **

170 *

165.6 **

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