Amazon.com may rise to 194.00 - 197.00

Pivot

187.50

Our preference

Long positions above 187.50 with targets at 194.00 & 197.00 in extension.

Alternative scenario

Below 187.50 look for further downside with 183.50 & 180.20 as targets.

Comment

The RSI calls for a new upleg.

Supports and resistances

198.30

197.00

194.00

191.60 Last

187.50

183.50

180.20

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