Amazon.com may rise to 199.40 - 206.20

Our pivot point stands at 166.5.

Our preference

Short term rebound towards 199.4.

Alternative scenario

Below 166.5, expect 155.3 and 148.6.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the stock is trading above its 20 day moving average (173.724) but under its 50 day moving average (183.5216).

Supports and resistances

213 **

206.2 *

199.4 **

192.6

177.04 (USD-last)

170.9

166.5 **

155.3 *

148.6 **

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