We can obviously see in the chart that MACD line crosses over trend line which signals a long position in NFLX. Previous time , this happened was on Aug 25th 2020 and we experienced a nice rally and a sharp increase in the stock price. The signal is supported by increase in the volume and RSI as well. The next important Fibonacci resistances are: $543, $566 and...
Facebook reaches a strong classic support of $259 which is simultaneously Bolinger Band lower band support. Fundamentally speaking, company has strong and staggering stream of $71 b total revenue, return on equity of 24% and net profit margin of 31%. Quick and current ratios are 6.
It sounds that market support at this point and stock has the potential to reach...
