Hello traders, for Neflix we are in range bound; better to trade once we have a breakout to the up or down. Weekly resistance lies around $560 and support lies around $460. Considering the triple top formation around $560 zone and taking into consideration the RSI negative divergence in the weekly chart, I favor breakout to the downside to the next major support around $410 which I think would come quickly after breaking $460. However, the long term trendline marked in black color in the chart should support the price around the $410 level.
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Good luck!
Please share your thoughts and if you like this idea, please follow and like.
Good luck!