Netflix shakes off negative pressure - Analysis - 18-10-2018

Netflix's stock surged in the intraday levels, trespassing the resistance of the 50-day SMA and shaking off its negative pressure, accompanied by a surge in trading volumes and positive signals from the RSI, scoring a fresh profit of 5.28%, or 18.30 points, amid the dominance of the upward medium-term trend. 

Therefore we expect more gains for the stock, as long as the support of 338.91 holds on, targeting the pivotal resistance of 423.21. 

Expected trend for today: Bullish