Stocks

Amazon.com may fall to 151.70 - 157.50

2024-08-09

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

The index currently faces a challenging resistance area at 169.00.

Supports and resistances

178.90

174.00

169.00

166.27 Last

157.50

151.70

140.00

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

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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