I'd be cautious on nflx here. In my opinion it looks 70% likely to drop lower from this trend. It can break above and go up up but I'm not optimistic. Look at my weekly chart on next post to understand my bearish slant.
Note
weekly- take a look at my stoch/rsi indicator trend. We're under that trend and close to a touch.. clearly it was once supportive but now resistance Note
this week's candle looks like it will close on that trend resistance on my stoch/rsi indicator- Note
another possibility Note
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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.