Netflix Inc. Stocks American company from the entertainment industry, as well as a streaming service for films and TV series, fluctuate around 685.00.

On the daily chart, the price continues its upward momentum, which develops in the channel ranging from 710.00 to 600.00.

On the 4-hour chart, the potential for price strengthening increased significantly after breaking the previous maximum of 685.00, and currently the target is the channel resistance line at 700.00, consolidation above which will catalyze a move to the 750.00 area. Despite the fact that the instrument remains above the high of 685.00, the probability of a correction remains, so a test of 670.00 may signal a move towards the support line.

Technical indicators maintain a stable buy signal: the fast EMAs on the Alligator indicator remain above the signal line, extending the swing range, and the AO oscillator histogram forms new bullish bars, being in the buy zone.

Trading scenarios

It is worth opening long positions after the price fixes above the resistance level of 698.00 with the goal of reaching a maximum of 743.00. Stop-loss - 680.00. Delivery time: 7 days and more.

It is worth opening short positions after the price fixes below the support level of 672.00 with a target of 620.00. Stop-loss - 700.00.