Amazon.com may fall to 165.00 - 169.00

Pivot

176.00

Our preference

Short positions below 176.00 with targets at 169.00 & 165.00 in extension.

Alternative scenario

Above 176.00 look for further upside with 179.00 & 182.00 as targets.

Comment

The RSI is below its neutrality area at 50%

Supports and resistances

182.00

179.00

176.00

173.60 Last

169.00

165.00

161.00

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