Netflix, Inc.Short
NFLX showing weakness poised for a sell off
NFLX rally is coming to an end it seems with a clear break below its upward support line and holding below.
NFLX rally since the August sell off looks to be coming to an end. It is expected that October will bring volatility into the market.
- Breaks below back in Sept 11, then quickly reverses back up.
- Recently breaks below again, tries to regain but fails to get above support level.
- Stock is now the support level into its resistance level
- RSI breaks below its 50 level and over the past few days
- MACD falls into bearish territory
NFLX rally since the August sell off looks to be coming to an end. It is expected that October will bring volatility into the market.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.