Amazon.com may rise to 202.40 - 207.50

177.2 is our pivot point.

Our preference

As long as 177.2 is support look for 202.4.

Alternative scenario

The downside breakout of 177.2 would call for 169.1 and 164.1.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is below its 20 day moving average (186.841) but above its 50 day moving average (179.254).

Supports and resistances

212.4 **

207.5 *

202.4 **

197.5

186.51 (USD-last)

180.5

177.2 **

169.1 *

164.1 **

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