Amazon.com may fall to 136.50 - 142.60

Our pivot point stands at 177.

Our preference

The downside prevails as long as 177 is resistance.

Alternative scenario

The upside breakout of 177 would call for 187.7 and 194.1.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 187.2255 and 186.7952). Finally, Amazon.com is trading below its lower daily Bollinger band (standing at 171.15).

Supports and resistances

194.1 **

187.7 *

177 **

173

167.9 (USD-last)

148.5

142.6 **

136.5 *

130.5 **

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