Amazon.com may rise to 198.50 - 205.30

Our pivot point stands at 167.4.

Our preference

Short term rebound.

Alternative scenario

The downside breakout of 167.4 would call for 156.3 and 149.6.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the stock is trading above its 20 day moving average (174.812) but under its 50 day moving average (184.3236).

Supports and resistances

212 **

205.3 *

198.5 **

191.9

177.06 (USD-last)

171.9

167.4 **

156.3 *

149.6 **

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