Pending Doom - Netflix Ascending Wedge
Netflix has gone parabolic with gains close to 85% in 2018 alone. However, price action has led to an ascending wedge that has a strong possibility to break to the downside. To strengthen that argument, the MACD in 2018 is showing a bearish divergence across the past 3 relative highs and the recent ATH reached in the past week. Let's wait and see what happens but it does not look promising. Good luck!
Order cancelled
Netflix decided to go into outer space and I don't think it's coming down any time soon!
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