NetFlix may rise to 724.00 - 750.00

Our pivot point is at 596.

Our preference

The upside prevails as long as 596 is support.

Alternative scenario

Below 596, expect 555 and 530.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 624.4425 and 609.806).

Supports and resistances

775 **

750 *

724 **

699

633.12 (USD-last)

612

596 **

555 *

530 **

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