ACTIV8X

Amazon Inc.: Shooting stars or going back to 447?

NASDAQ:AMZN   AMAZON.COM INC
Amazon Inc. ended last week in the green.

If the equity cut through the 493.43, it will go back to a bearish market with 447.04 as an objective. The primary objective will be, in this case, 475.25.

If the equity breaches 531.65, it may pursue its way to its all times high, around 580.57.

Amazon Inc.'s weekly Pivot Point is around 522.63. Its weekly support levels are 515.31 and 501.19. Its weekly resistance levels are around 536.75 and 544.07.
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