NETFLIX, INC (NFLX) Reaches top of the channel to DROP

NETFLIX, INC (NFLX) just reached an upper resistance and is very likely to drop.

• Bullish divergence in showing up on the MACD on shorter time frames, confirming what I am seeing in the longer time frames.
  
• Decreasing volume.
  
• Going outside of the upper bands of the Bollinger Bands.
  
• Potential drop incoming.
  
• Target marked black on the chart.
  
• A close of the 3D candle above 358.90 can be used as stop loss.
  

This is not trade advice. This information is shared for learning and entertainment purposes only.

Thanks a lot for your support.

Namaste.

Yorum:

Going down as expected.