Netflix driven lower by current resistance - Analysis - 21-09-2018

Netflix's stock fell 0.44% in the last session, or 1.60 points, after the important resistance of 376.81 held on, as the stock gathers momentum to help it rise anew, amid the dominance of the upward medium-term trend, with positive pressure from the 50-day SMA, coupled with positive signals from the Relative Strength Index. 

Therefore we expect the stock to return higher, provided the resistance of 376.81 was breached, targeting thereafter the pivotal resistance of 423.21. 

Expected trend for today: Likely Bullish