NetFlix may rise to 735.00 - 750.00

Our pivot point is at 662.

Our preference

The upside prevails as long as 662 is support.

Alternative scenario

The downside breakout of 662 would call for 637 and 623.

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 650.1075 and 658.1526).

Supports and resistances

765 **

750 *

735 **

720

688.83 (USD-last)

672

662 **

637 *

623 **

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