NetFlix may fall to 592.00 - 606.00

Our pivot point stands at 691.

Our preference

Target 606.

Alternative scenario

The upside breakout of 691 would call for 716 and 730.

Comment

The RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is trading under its 20 day moving average (675.2965) but above its 50 day moving average (643.39).

Supports and resistances

730 **

716 *

691 **

682

652.76 (USD-last)

620

606 **

592 *

578 **

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