Amazon.com may fall to 162.50 - 166.80

Our pivot point stands at 190.8.

Our preference

Under pressure below 190.8.

Alternative scenario

Above 190.8, look for 198.6 and 203.1.

Comment

The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 193.45 and 187.6678).

Supports and resistances

203.1 **

198.6 *

190.8 **

187.9

183.13 (USD-last)

171.3

166.8 **

162.5 *

158 **

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