Amazon.com may fall to 163.20 - 167.50

188.1 is our pivot point.

Our preference

Under pressure below 188.1.

Alternative scenario

Above 188.1, look for 195.4 and 199.8.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. 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 184.3955 and 181.919).

Supports and resistances

199.8 **

195.4 *

188.1 **

185.4

180.75 (USD-last)

171.8

167.5 **

163.2 *

159 **

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