Amazon.com ST : Gap

Our pivot point is at 235.38.

Our preference: the upside prevails as long as 235.38 is support

Alternative scenario: below 235.38, expect 224.43 and 217.91.

Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 222.35 and 225.49). Finally, the Amazon.com is trading above its upper Bollinger band (standing at 236.71).

Supports and resistances:

283.96 **

277.27 *

270.58 **

263.88

244.22 USD - last

239.68

235.38 **