Amazon.com intraday : target 196.55
The MACD must penetrate its zero line to expect further downside.
Our pivot point is at 203.60.
Our preference: target 196.55
Alternative scenario: above 203.60, look for 206.04 and 207.50.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (203.94) but above its 50 period moving average (200.95).
Supports and resistances:
207.50 **
206.04 *
203.60 **
202.64
201.11 USD - last
198.00
196.55 **
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