Amazon.com may fall to 166.00 - 169.00

Pivot

174.90

Our preference

Short positions below 174.90 with targets at 169.00 & 166.00 in extension.

Alternative scenario

Above 174.90 look for further upside with 179.20 & 181.60 as targets.

Comment

Technically the RSI is below its neutrality area at 50.

Supports and resistances

181.60

179.20

174.90

171.79 Last

169.00

166.00

161.00

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