Amazon.com may rise to 191.80 - 194.60

Our pivot point is at 178.8.

Our preference

The upside prevails as long as 178.8 is support.

Alternative scenario

Below 178.8, expect 174.2 and 171.5.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 182.659 and 183.011).

Supports and resistances

197.3 **

194.6 *

191.8 **

189.2

183.66 (USD-last)

180.4

178.8 **

174.2 *

171.5 **

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