Amazon.com may rise to 205.00 - 229.00

Pivot

175.00

Our preference

Long positions above 175.00 with targets at 205.00 & 229.00 in extension.

Alternative scenario

Below 175.00 look for further downside with 166.00 & 159.00 as targets.

Comment

The RSI calls for a new upleg.

Supports and resistances

240.00

229.00

205.00

193.25 Last

175.00

166.00

159.00

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