Weekly chart (left): chart lows can be seen around Jun 2016 as the market bounced along the blue channel support. In Oct 2016 it lifts from the lower channel support, and ends up at the channels resistance by the start of 2017. Our previous post marked the blue channel and potential opportunities should the market […]
NFLX has recently moved to channel resistance (weekly), and may be breaking up out of this (daily). Waiting for the highlighted level around $160.80 offers less risk, helping to add confirmation of a break from the channel (of course there is no guarantee). Mindful of pull backs and a retest of the channel potentially broken, […]
NFLX at lower support, channel bottom. Potential for lift back to previous highs. Aggressive potential technical trigger consideration (not shown) is a lift through the 13ma and green s/r just above market ($93.00). Waiting for break above $98.30 offers less risk. If the market continues to break down, dropping below $79.50 could offer opportunities for […]
