NFLX reversed from resistance, potential drop! Short

Netflix, Inc.NASDAQ

Description

⋅ Jul 30, 2019 9:12 AM

NFLX reversed off its resistance at 335.85 where it could potentially drop further to 321.86.
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Comments

kapilb

⋅ Jul 31, 2019 3:13 AM

Excellent analysis..worked like charm..what is the second support?

AidanMDang

⋅ Jul 31, 2019 9:59 PM

@kapilb, Second support would probably be based on the most recent lows at $307

kapilb

⋅ Aug 1, 2019 1:23 AM

@AidanMDang, looks like nflx is ready to buy puts..can you please expalin how to determine next support levels. AH nflx is down to 322.35

kapilb

⋅ Aug 1, 2019 1:24 AM

@AidanMDang, it broke the first support level.