Shares of Netflix Inc., an American entertainment company and streaming service for movies and TV series, are trading at 646.00.

Growth is possible.

On the daily chart, the upward wave of the higher level C forms, within which the first wave (1) of C develops. Now, the fifth wave of the lower level 5 of (1) is forming, within which the wave v of 5 is developing. If the assumption is correct, the asset will grow to the area of 685.00–730.00. In this scenario, critical stop loss level is 543.66.