Johnny_TV

NFLX overbought, will rebound before breaking ATH

BATS:NFLX   Netflix, Inc.
Netflix loosing momentum and is likely to rebound to fibonacci levels before breaking the ATH. A rebound on the quickest Moving Average 38D will most likely trigger a breakthrough, while a rebound on the second quickest Moving Average 100D will recouchér back down up until recent down levels - Netflix would enter a sideway zone.

A rebound is prone to happen due a long-time overbought indication on the RSI.
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