NetFlix may rise to 729.00 - 742.00

Our pivot point is at 657.

Our preference

The upside prevails as long as 657 is support.

Alternative scenario

Below 657, expect 635 and 623.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 651.387 and 618.4788).

Supports and resistances

756 **

742 *

729 **

716

679.03 (USD-last)

665

657 **

635 *

623 **

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