NFLX 681.24: Neutral – Forms a negative reversal candle after ne

NFLX rallied off 552.26 (April 27, 2015 weekly low) to post a new record high at 706.24 (June 24, 2015) near the 700.00 figure level (as shown on the weekly chart) before quickly backing off, It is forming a negative reversal candle. Weekly RSI is over 80, in the overbought territory, cautioning for pullbacks. Key support levels are as follows: 641.61, 615.61 then the 600.29/594.00 gap (near 38.2% of the 409.25/706.24 rise). However, back above 706.24 would continue strong momentum towards the 710.82 projection target then the 750 figure level (near the 752.02 projection target).
Outlook:
Short term: neutral
Long term: bullish