Netflix (NFLX) : Price under pressure

Jan 6, ’11 11:50 PM
Author Categories Tech Tags

Netflix price is under pressure.

It has fail to bounce up above 180 and is now sitting just above the kumo support.

On the leading kumo, we can see that it has twisted suggesting a change in trend is on the way; with a bias towards the down side.

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Comments

2 Comments so far. Comments are closed.
  1. JunkenPo,
    January 10, 2011 at 4:53 pm

    I agree. I love the product, but price action is very heavy, especially with consumer related stocks lately.