NetFlix may rise to 693.00 - 708.00

Our pivot point stands at 622.

Our preference

As long as 622 is support look for 693.

Alternative scenario

Below 622, expect 598 and 584.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 634.9575 and 611.6704).

Supports and resistances

722 **

708 *

693 **

679

641.47 (USD-last)

631

622 **

598 *

584 **

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