Amazon.com may rise to 202.90 - 207.00

181.1 is our pivot point.

Our preference

As long as 181.1 is support look for 202.9.

Alternative scenario

Below 181.1, expect 174.4 and 170.4.

Comment

The RSI is above its neutrality area at 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 187.3495 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.