HotForex

NFLX Approaching Resistance, Potential Reversal!

Short
NASDAQ:NFLX   Netflix, Inc.
NFLX is approaching its resistance at 329.65 (61.8% & 50% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 292.65 (38.2% Fibonacci retracement, horizontal pullback support).
Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected.

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