Amazon.com may rise to 205.70 - 210.80

Our pivot point stands at 179.6.

Our preference

As long as 179.6 is support look for 205.7.

Alternative scenario

The downside breakout of 179.6 would call for 170.8 and 165.8.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 187.401 and 179.368).

Supports and resistances

216.1 **

210.8 *

205.7 **

200.4

188.82 (USD-last)

182.9

179.6 **

170.8 *

165.8 **

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