Categories
Tech

Netflix (NFLX) : Strong move off the kumo support


Netflix (NFLX) has a strong move yesterday; opening at $179.82 and closing at $187.88 with very little retracement off the opening high.

A break above the kumo will signal that it is attempting to break its $200s again.

Categories
Tech

Netflix (NFLX) : Price under pressure

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.

Categories
Tech

Netflix (NFLX) : Sluggish move. Beware

Something is not right with NFLX today.

The general market went from negative to positive and yet Netflix (NFLX) has been trending down on the 5 minute chart.

In fact, on the 5 minute chart, it has already break session low twice.

Gut feel tells me a big move may be coming. Beware.

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