NetFlix may rise to 764.00 - 782.00

Our pivot point stands at 666.

Our preference

The upside prevails as long as 666 is support.

Alternative scenario

Below 666, expect 637 and 620.

Comment

The RSI is above 70. It could mean either that the stock is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 638.446 and 654.8472). Finally, NetFlix has crossed above its upper daily Bollinger band (691.28).

Supports and resistances

799 **

782 *

764 **

746

698.54 (USD-last)

677

666 **

637 *

620 **

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