NFLX: Inside a CONGESTION! How to proceed?
• NFLX is trading inside a range between $213 - $ 251;
• The 21 ema is flat, another indicator that the mid-term trend is neutral;
• Since it is a congestion, NFLX is a buy when it is near $213, and a sell when it is near $251;
• The price action is uncertain, and NFLX would need to do a real breakout either to the upside or to the downside so we can work with new key points;
• If NFLX loses the support at $213, then the next target will be the $190;
• By breaking the $251 it will probably try to fill the last monster gap at $333;
I’ll keep you guys updated on this. Remember to follow me for more analysis like this! Keep in touch.
• The 21 ema is flat, another indicator that the mid-term trend is neutral;
• Since it is a congestion, NFLX is a buy when it is near $213, and a sell when it is near $251;
• The price action is uncertain, and NFLX would need to do a real breakout either to the upside or to the downside so we can work with new key points;
• If NFLX loses the support at $213, then the next target will be the $190;
• By breaking the $251 it will probably try to fill the last monster gap at $333;
I’ll keep you guys updated on this. Remember to follow me for more analysis like this! Keep in touch.
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