NetFlix may rise to 790.00 - 807.00

Our pivot point stands at 698.

Our preference

The upside prevails as long as 698 is support.

Alternative scenario

The downside breakout of 698 would call for 669 and 651.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 709.557 and 682.7412).

Supports and resistances

825 **

807 *

790 **

771

722.79 (USD-last)

710

698 **

669 *

651 **

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