In this chart we are looking at Netflix on the daily timeframe, you can see that although price is in a downtrend it is also coming down and testing some very strong support, the price has tested and bounced off this support before ( purple circles ) Price is also nearly at the tip of a wedge formation, a breakout of this wedge in a bullish way will see price take off.
Netflix are also due to release Q4 earnings on 17.01.19 after reading positive reports on Netflix IR we are expecting bullish movement.
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