NetFlix may rise to 760.00 - 775.00

Our pivot point is at 679.

Our preference

As long as 679 is support look for 760.

Alternative scenario

The downside breakout of 679 would call for 654 and 639.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is below its 20 day moving average (711.997) but above its 50 day moving average (688.9858).

Supports and resistances

791 **

775 *

760 **

745

705.98 (USD-last)

690

679 **

654 *

639 **

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