Netflix (NFLX) : Support levels to watch

With NFLX breaking the kumo support and subsequently breaking down from the magical 100 level, it is now time to watch out for possible support levels.

On the Ichimoku chart, we can identified 2 immediate support levels from the Chikou Span.

1. Support at around 95

2. Support at around 90

The support at 90 will be a critical support as that is the level where it gaps up back in April.

Breaking the 90 level, will send it down to the 70s and perhaps even 50.

By iam802

Trend trading with Ichimoku

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