Amazon.com intraday : the downside prevails as long as 203.25 is resistance
The configuration is negative.
Our pivot point is at 203.25.
Our preference: the downside prevails as long as 203.25 is resistance
Alternative scenario: above 203.25, look for 205.65 and 207.08.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 203.05 and 201.43).
Supports and resistances:
207.08 **
205.65 *
203.25 **
202.31
201.07 USD - last
197.41
195.99 **
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