NetFlix may fall to 553.00 - 565.00

Our pivot point is at 639.

Our preference

The downside prevails as long as 639 is resistance.

Alternative scenario

The upside breakout of 639 would call for 660 and 672.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 636.541 and 652.8942).

Supports and resistances

672 **

660 *

639 **

631

609.57 (USD-last)

577

565 **

553 *

541 **

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