Netflix seeks a bottom to bounce it higher - Analysis - 24-10-2017

Netflix's stock (NFLX) fell anew in the intraday levels, recording a loss of 0.87% in the last session, or 1.96 points, as the stock seeks a bottom to bounce it higher anew, amid positive support from the 50-day SMA, coupled with the dominance of the main upward trend in the medium and short terms. 

Therefore we expect the stock to return higher, as long as the support of 189.89 holds on, targeting the important resistance of 201.89.