Categories
Tech

$NFLX . Bearish?

 

 

$NFLX was actually featured during Apple’s new iPad launch.

However, despite being featured prominently, the share price did not react positively.

While the general market has surge higher, NFLX is not going anywhere.

On the Ichimoku chart, NFLX is now showing:

1. A bearish cross from the Tenkan sen and Kijun sen

2. Sitting on a fairly thin kumo support

3. We can also see that the current price level is below the gap from Jan 26.

A drop below the kumo will allow us to have a target of $60 price range.