Amazon.com may fall to 158.60 - 163.20

Our pivot point stands at 190.1.

Our preference

The downside prevails as long as 190.1 is resistance.

Alternative scenario

Above 190.1, look for 198.1 and 202.8.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 192.202 and 187.2296).

Supports and resistances

202.8 **

198.1 *

190.1 **

187

179.85 (USD-last)

167.8

163.2 **

158.6 *

154 **

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