NETFLIX, INC (NFLX) Reaches top of the channel to DROP
Updated
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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