(1) We have witnessed a sharp fall from 29,500 level in Feb’20. This was almost 38% fall from the top. Market had gone in a oversold zone.
(2) Around 18,300 level, price found a support and bounced back from this level.
(3) With an upside rally, price managed to breakout its previous resistance.
(4) After the breakout, we have seen a sharp upside rally further...
Closely monitor the zone indicated in above chart.
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Daily Chart
Netflix NASDAQ:NFLX has downed from $485 to $431.6 now
Netflix has the support zone around $365 that is good level to buy for next bull run
Wait for next move
LONG US, SHORT EU
Hello, these two charts seem to show an identical background situation for the two economies (US and German), however, the economy in US and EU is very different (among other explanations, TFP - total factor productivity is, and always has been positive in the US, while it is negative and, most importantly, decreasing since many years in...
The bears once again take hold of the stock by a bounce back from psychological resistance level of 151. With the possible formation of a new lower high, bearish trend shows to be strong. (Buyers should wait for the end of the hour for an assured entry point).
Due to the recent excitement created in the market due to interest rate news, the price is expected to have a temporary growth up to the 4405 area and then after completing the fifth and final step of the downward pattern, it will start a downward rally.
A sell signal in the lower time frame in the next analysis ..
hello
simply the stock is over sold so we should assist to a reversing up trend.
You should keep eye on our lines on my chart, and specially zones A and B can be or targets
Remember that i am not using cristal ball but i try to be more efficient and more rational on my analysis.
Good luck and feel free if youi want ask some markets analysis
