Hourly Chart:
On the one hour chart, NFLX has some bullish momentum (Slow Stochastic) but the RSI and STOCHASTIC shows that a trend reversal is coming; the other hourly charts show a similar signaling.
Daily Chart:
NFLX is bearish on the daily chart, Slow Stochastic and MACD shows a bearish trend is in the making while RSI is going up. the day is not over and there is a low volume ahead of the FEDS press conference. This signals that at resistance, assuming it'll hit that mark around the time of conference, there will be large selling of NFLX stocks.
Entry: Rejection around $685 - $690
Price Target One: $676
Price Target Two: $670
On the one hour chart, NFLX has some bullish momentum (Slow Stochastic) but the RSI and STOCHASTIC shows that a trend reversal is coming; the other hourly charts show a similar signaling.
Daily Chart:
NFLX is bearish on the daily chart, Slow Stochastic and MACD shows a bearish trend is in the making while RSI is going up. the day is not over and there is a low volume ahead of the FEDS press conference. This signals that at resistance, assuming it'll hit that mark around the time of conference, there will be large selling of NFLX stocks.
Entry: Rejection around $685 - $690
Price Target One: $676
Price Target Two: $670
Trade closed: target reached:
Might fall and bounce of 20 EMA