Amazon.com may rise to 196.00 - 198.00

Pivot

191.00

Our preference

Long positions above 191.00 with targets at 196.00 & 198.00 in extension.

Alternative scenario

Below 191.00 look for further downside with 188.50 & 185.50 as targets.

Comment

The break above 191.00 is a positive signal that has opened a path to 196.00.

Supports and resistances

200.00

198.00

196.00

193.34 Last

191.00

188.50

185.50

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