If NETFLIX opens tomorrow above the BLUE resistance, then the next TARGET is 514. If it makes a pullback on the BLUE resistance, it will most likely retest the green support below.
It is more likely that NETFLIX will go higher.
By looking at the chart, it looks more similar a upside down mountain sloppy hill.
Recognizing this kind of a change can allow traders to take profits and protect themselves from buying into an unfavorable market, or strategics to make money from falling prices by short-selling.
The big question is that what will be the next move?
So basically it has many...