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NETFLIX, INC (NFLX) Reaches top of the channel to DROP
Netflix, Inc.
Short
NETFLIX, INC (NFLX) Reaches top of the channel to DROP
By AlanSantana
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Updated
Jan 23, 2019
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Cheer
Cheer
Jan 18, 2019
NETFLIX, INC (NFLX) just reached an upper resistance and is very likely to drop.
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.
Jan 23, 2019
Comment
Going down as expected.
alanmasters
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