Netflix readies to breach current support - Analysis - 14-08-2018

Netflix's stock fell 1.32% in the last session, or 4.56 points, after getting hurt by breaching the main upward trend line recently in the short term, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI after reaching extremely overbought levels compared to the stock's movements. 

Therefore we expect more losses for the stock, especially if the support of 333.56 was breached, targeting the next one at 292.62.