Netflix shares have bounced off from incline long-term support.
Recommendation is to take long position with take-profit at 338$/share - previous horizontal support becomes now upper resistance.
Stop-loss at 290$
According to technical analysis BTC has broken down the support level, but now is oversold according to RSI index. I expect some correction up and consequent price decrease due to strong upper resistance line and inclined trend.
Big gap downwards breaking through support area on huge volume at 9.00$/share.
Take short position at level 8.80-9.10$ with target at 7.30$.
Stop-loss at 9.30$
Technical analysis reflects good upward channel, which was even broken up to new highs.
RSI shows overbought index + stock will aim to come back to previous channel. Moreover, for the backwards trend there're 'Harami's' and 'inverted hammer'.
Short now with half to be covered at 128 and the rest at 118 if the stock goes to the bottom of channel.
