Netflix Downtrend in Short- term

25 בינו׳ 2019

Netflix is showing signals w/ RSI , Stochastic, these oscillators are helpful in identifying points where NFLX is showing "overbought" indications. This does not mean that it is 100% market psychology 101- Overbought circumstances can extend rally until exhaustion. This is what we saw pre-earnings Jan 2019. I believe this weeks rally back to high 330s is a good sign of the resistance being tested. Once selling picks up and bears have a case of the mondays.... next level will be achieved around support.