BEI
Short

NFLX

BATS:NFLX   NETFLIX INC
242 2 4
NFLX             violated the historical 30 points range for the pullback material, thus making it a corrective wave that should look for deeper support than the ones we have previously experienced.

S1- 289-300 is the first support, this would be a confluence of fibo levels and previous high that we previously broke in September.

S2- Second support would be around 255 dollars, around the MA50 and certainly far fetched but yet not impossible.

Candles on the way down will give more information, but the configuration is significant top, from my point of view.
BEI
2 years ago
By the way, careful with double top, current short term + strong markets could make it but i dont think so, i'd be looking for 346 to act as SL. GL
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I agree
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