Amazon.com may fall to 169.50 - 172.00

Pivot

178.30

Our preference

Short positions below 178.30 with targets at 172.00 & 169.50 in extension.

Alternative scenario

Above 178.30 look for further upside with 181.30 & 184.00 as targets.

Comment

The RSI is below its neutrality area at 50%

Supports and resistances

184.00

181.30

178.30

174.66 Last

172.00

169.50

166.40

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