Amazon.com may rise to 198.60 - 202.70

Our pivot point stands at 178.

Our preference

Our next up target stands at 198.6.

Alternative scenario

Below 178, expect 171.3 and 167.2.

Comment

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the stock is above its 20 and 50 day moving average (respectively at 182.7625 and 182.5266).

Supports and resistances

206.8 **

202.7 *

198.6 **

194.5

184.3 (USD-last)

180.6

178 **

171.3 *

167.2 **

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