NetFlix may rise to 857.00 - 885.00

720 is our pivot point.

Our preference

The upside prevails as long as 720 is support.

Alternative scenario

The downside breakout of 720 would call for 674 and 647.

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 stock is above its 20 and 50 day moving average (respectively at 718.218 and 697.7912). Finally, NetFlix has crossed above its upper daily Bollinger band (757.93).

Supports and resistances

914 **

885 *

857 **

829

772.07 (USD-last)

738

720 **

674 *

647 **

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