NETFLIX, INC (NFLX) Reaches top of the channel to DROP

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.

Jan 22
Comment: Going down as expected.
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