Netflix MACD divergence
Netflix has made a new higher high last week, but the MACD shows now a new lower high. The MACD divergence is a indicator signal for a possible change in direction. Due to its bearish character the price could decrease from now on in a downtrend.
Trade closed: target reached
Also done some daytrading. Very much resistance at 303, position now closed due to a possible rebound. The price decreased too much today. I will consider entering short tomorrow.
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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.