Amazon.com may fall to 176.00 - 179.60

Pivot

189.60

Our preference

Short positions below 189.60 with targets at 179.60 & 176.00 in extension.

Alternative scenario

Above 189.60 look for further upside with 193.00 & 196.00 as targets.

Comment

The RSI is below its neutrality area at 50%

Supports and resistances

196.00

193.00

189.60

183.28 Last

179.60

176.00

171.90

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