NetFlix may rise to 717.00 - 732.00

Our pivot point is at 635.

Our preference

The upside prevails as long as 635 is support.

Alternative scenario

The downside breakout of 635 would call for 612 and 598.

Comment

The RSI is above 50. 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 644.987 and 615.324). Finally, NetFlix has crossed above its upper daily Bollinger band (665.07).

Supports and resistances

746 **

732 *

717 **

704

669.38 (USD-last)

644

635 **

612 *

598 **

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