Things are looking good for NFLX from a TA point of view.
NFLX
- trading in a falling wedge
- formed a bullish harami off that 480/481 support level
- Bullish divergence:
- RSI: Uptrend
- MACD: Uptrend
- Price: Downtrend
There is also a gap to fill from 504 to 524, which was it previously attempted to close, but rejected that 519.
***not shown above*** Lastly one of my favorite strategy to use is the 8EMA and 50MA cross up and over; I've noticed price runs when that cross up occurs, and vice versa.
- price closed above 8EMA, which is very close to crossing above the 50MA on the 1H chart, ext hours.
- Price is in a tight area, btwn the 8EMA and 50MA, I believe a cross up is imminent, and when it does, NFLX could run.
NFLX
- trading in a falling wedge
- formed a bullish harami off that 480/481 support level
- Bullish divergence:
- RSI: Uptrend
- MACD: Uptrend
- Price: Downtrend
There is also a gap to fill from 504 to 524, which was it previously attempted to close, but rejected that 519.
***not shown above*** Lastly one of my favorite strategy to use is the 8EMA and 50MA cross up and over; I've noticed price runs when that cross up occurs, and vice versa.
- price closed above 8EMA, which is very close to crossing above the 50MA on the 1H chart, ext hours.
- Price is in a tight area, btwn the 8EMA and 50MA, I believe a cross up is imminent, and when it does, NFLX could run.