Amazon.com may rise to 202.90 - 207.00

Our pivot point stands at 181.1.

Our preference

As long as 181.1 is support look for 202.9.

Alternative scenario

The downside breakout of 181.1 would call for 174.4 and 170.4.

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 above its 20 and 50 day moving average (respectively at 187.3495 and 181.7524).

Supports and resistances

211 **

207 *

202.9 **

198.8

188.99 (USD-last)

183.7

181.1 **

174.4 *

170.4 **

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