TiVo ($TIVO), make its mark when they launched the first digital recorder more than a decade ago. They had ride the trend when demand for their box surge and at the same time cost of components fell. With the success of Netflix, and upcoming challengers varying from Apple, Amazon and Google, it seems… Continue reading $TIVO : Breaks kumo support. Bearish trend confirmed.
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.
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.