NETFLIX, INC (NFLX) just reached an upper resistance and is very likely to drop.
This is not trade advice. This information is shared for learning and entertainment purposes only.
Thanks a lot for your support.
Namaste.
- Bullish divergence in showing up on the MACD on shorter time frames, confirming what I am seeing in the longer time frames.
- Decreasing volume.
- Going outside of the upper bands of the Bollinger Bands.
- Potential drop incoming.
- Target marked black on the chart.
- A close of the 3D candle above 358.90 can be used as stop loss.
This is not trade advice. This information is shared for learning and entertainment purposes only.
Thanks a lot for your support.
Namaste.
Note
Going down as expected.
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