#nflx we see it trading at 2.5 standard deviations from the quarterly vwap on the daily, with the most overbought it has ever been on the daily, furthermore it has formed a double top at all time high and bounced off from it. This breakout attempt did not follow up with the volume needed to be seen to move forward and shows candle exhaustion. Fair price is 530s. May try to fake out back over but not likely to hold. Not financial advice.
Comment:
I am still short NFLX there was not enough variance to shake it, as we can see it looks to be confirming the beginning of the exit from overbought on rsi and stoch rsi, additionally ADX shows trend weakening, quarterly vwap is calling it back