Amazon.com may fall to 157.50 - 161.00

Pivot

169.00

Our preference

Short positions below 169.00 with targets at 161.00 & 157.50 in extension.

Alternative scenario

Above 169.00 look for further upside with 174.00 & 178.90 as targets.

Comment

The RSI is around its neutrality area at 50%

Supports and resistances

178.90

174.00

169.00

166.70 Last

161.00

157.50

151.70

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