Probably bottomed out last week. I think over the next month this stock is headed back to 99 or trendline resistance; From there, we'll see what happens.
Last week nflx tagged it's weekly 200ma and lower Bollinger band.. last 3 times lower Bollinger band was tapped priced rally 20% or more .
Weekly RSI is showing Major bullish divergence
Last time nflx had this large of a divergence was Nov-Dec 2018.. I'll let you go back and see what happened.
Daily
Daily Macd just crossed bullish
Price closed right at it's 20sma
If we clear 79.00 then a push up to 84-85 or 50sma is next up
Over 85 and my final target is the Weekly 20sma or trendline resistance
Last week nflx tagged it's weekly 200ma and lower Bollinger band.. last 3 times lower Bollinger band was tapped priced rally 20% or more .
Weekly RSI is showing Major bullish divergence
Last time nflx had this large of a divergence was Nov-Dec 2018.. I'll let you go back and see what happened.
Daily
Daily Macd just crossed bullish
Price closed right at it's 20sma
If we clear 79.00 then a push up to 84-85 or 50sma is next up
Over 85 and my final target is the Weekly 20sma or trendline resistance
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.