Amazon.com may rise to 198.30 - 200.50

Pivot

193.00

Our preference

Long positions above 193.00 with targets at 198.30 & 200.50 in extension.

Alternative scenario

Below 193.00 look for further downside with 191.00 & 188.60 as targets.

Comment

The RSI is around its neutrality area at 50%

Supports and resistances

201.90

200.50

198.30

195.71 Last

193.00

191.00

188.60

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