$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… Continue reading $NFLX . Will it go above $65 again?
I have shorted $NFLX since it gap down on Apr 24. Overall, the Ichimoku chart is showing very bearish signs for NFLX. 1. It is now trading below the kumo 2. Bearish cross has been confirmed Target price $68 range.
$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.… Continue reading $NFLX . Bearish?