Neflix (NFLX) : Breaks Kumo Support

Technically, on the Ichimoku Daily Chart, NFLX has goes below the kumo support.

A definite short from 104 and below as it fails to hold.

However, we have to acknowledge that we are always incline to look at the round figures support as well; in this case support at 100.

And I expect a little counter-rally from 100 to 104.

But, I won’t consider a long for NFLX anymore unless there is a really good catalyst.

By iam802

Trend trading with Ichimoku

1 comment

Comments are closed.