Amazon.com may fall to 151.70 - 157.50

Pivot

169.00

Our preference

Short positions below 169.00 with targets at 157.50 & 151.70 in extension.

Alternative scenario

Above 169.00 look for further upside with 174.00 & 178.90 as targets.

Comment

Technically the RSI is below its neutrality area at 50.

Supports and resistances

178.90

174.00

169.00

161.91 Last

157.50

151.70

140.00

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