NetFlix may rise to 783.00 - 801.00

Our pivot point is at 695.

Our preference

The upside prevails as long as 695 is support.

Alternative scenario

The downside breakout of 695 would call for 666 and 648.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 707.7575 and 680.8524).

Supports and resistances

819 **

801 *

783 **

764

727.43 (USD-last)

707

695 **

666 *

648 **

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