Netflix keeps moving ahead the resistance - analysis 21-10-2016

Netflix shares ended Thursday trades higher by (1.48 point) or (1.21%) of the previous closure,

The support level 84.85 was the key level for the rising trials during the previous medium and long trades passing several levels, which was supported by the oversold signs showed by the stochastic indicator then, which added a further positive support that the price used during the previous rise.

Generally; the continuation of the current rise requires the price’s stability above 119.50 level during the upcoming trades to target the next resistance level at 125.80 and may extend, but holding back below 119.50 level may lead the price to search for suitable support that may reach 109.80 level.