Netflix is gearing up for an epic fall

22 พ.ค.

Netflix is sitting in the apex of a very large rising wedge. The rally is stalling here with a larger macro backdrop that may cause some selling pressure. If it breaks down from the rising wedge, we might witness some intense selling. The RSI is showing bearish divergence on multiple time frames. My target is circa $900.

27 พ.ค.

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The trade is still active. The wedge is currently being tested from the bottom, following last weeks breakdown. Huge momentum reversals can be a little stubborn.