Netflix tries to vent off overbought saturation - Analysis - 22-06-2018

Netflix's stock (NFLX) fell in the intraday levels, recording a loss of 0.32% in the last session, or 1.32 points, as traders collect short-term profits, while the stock vents off overbought saturation in the RSI, gathering momentum to help it rise anew, amid the dominance of the upward trend in the medium and short terms, with positive pressure from the 50-day SMA. 

Therefore we expect the stock to return higher, as long as it settles above 395.87, targeting the resistance of 434.58.