Netflix falls despite positive pressures - Analysis - 05-09-2018

Netflix's stock slid 1.115 in the last session, or 4.08 points, while still dominated by the main upward trend overall, with positive support from the 50-day SMA, coupled with positive signals from the Relative Strength Index, with the stock gathering momentum to prop it up anew. 

Therefore we expect the stock to return higher, especially if the resistance of 378.75 was breached, targeting the next pivotal one at 423.21. 

Expected trend for today: Bullish