NetFlix may fall to 569.00 - 583.00

Our pivot point is at 668.

Our preference

The downside prevails as long as 668 is resistance.

Alternative scenario

Above 668, look for 691 and 705.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 661.6 and 654.3042).

Supports and resistances

705 **

691 *

668 **

659

634.09 (USD-last)

596

583 **

569 *

556 **

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