Amazon.com may fall to 161.30 - 166.20

Our pivot point is at 189.4.

Our preference

The downside prevails as long as 189.4 is resistance.

Alternative scenario

Above 189.4, look for 197.5 and 202.4.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 191.4345 and 187.1382).

Supports and resistances

202.4 **

197.5 *

189.4 **

186.3

182.5 (USD-last)

170.9

166.2 **

161.3 *

156.6 **

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