$NFLX . Will it go above $65 again?

$NFLX has bounce off the lows of $52 twice and seems ready for a rebound.

However, on the Ichimoku chart, it is stil in Bearish territories.

Couple of resistance ahead.

1. Huge gap resistance formed back in July

2. Chikou Span resistance at around $65

3. Immediate resistance from the Tenkan sen at $57 to 58 range.

Apart from that, the leading kumo is pretty much flat. There is no suggestion that the trend has changed and possibly a continued downwards movement.

By iam802

Trend trading with Ichimoku