Amazon.com may rise to 191.80 - 194.60

Our pivot point stands at 178.8.

Our preference

The upside prevails as long as 178.8 is support.

Alternative scenario

Below 178.8, expect 174.2 and 171.5.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 182.659 and 183.011).

Supports and resistances

197.3 **

194.6 *

191.8 **

189.2

183.66 (USD-last)

180.4

178.8 **

174.2 *

171.5 **

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