Amazon.com may rise to 198.50 - 205.30

Our pivot point stands at 167.4.

Our preference

Short term rebound.

Alternative scenario

Below 167.4, expect 156.3 and 149.6.

Comment

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