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Dec 21, 2018 5:31 AM

NFLX Approaching Support, Potential Bounce!  Long

Netflix, Inc.NASDAQ

Description

NFLX is approaching our first support at 205.72 (horizontal pullback support, 50% fibonacci retracement, 100% fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 255.34 (horizontal pullback resistance, 23.6% fibonacci retracement, 100% fibonacci extension).
Stochastic (34,5,3) is also approaching support and we might see a corresponding bounce in price.
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