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Netflix - Bearish breakout with super strong volumes

NASDAQ:NFLX   NETFLIX INC
Netflix             shares dropped 13.13% on Tuesday on disappointing results. On the daily chart , we saw a bullish break from symmetrical triangle on Monday followed by a bearish break below symmetrical triangle on Tuesday.

Volumes on Monday were at record highs in recent history. That adds credence to the view that the stock is unlikely to see a major bullish move in the near-term. Area around 90.00 is likely to act as strong resistance in the near-term, while a break below 84.81 on dau end closing basis would open doors for a further sell-off in the share.
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