Netflix tries to regain footing - Analysis - 17-07-2018

Netflix's stock (NFLX) returned higher in the intraday levels, amid the dominance of the main upward trend in the short term, with positive support from the 50-day SMA, scoring a profit of 1.18% in the last session, or 4.68 points, and ending a session marked with volatility, while the Relative Strength Index reached extremely oversold levels compared to the stock's movements. 

Therefore we expect more gains for the stock, as long as the support of 380.00 holds on, targeting the resistance of 423.21.