Despite NASDAQ:NFLX beating its earnings across the board, its stock came across some bearish moment. Here I believe we might see a reversal in trend, as noticeable a divergence signal from MACD & RSI both. Also, Considering today’s price action, a jump of almost 1.5% intraday from its 200 MA, we might continue to be bullish and breakout from the triangle as well.
Was going through some ETFs and this Direxion Daily Semiconductor Bull 3X Shares seems to be looking for a bounce here, main reasons why i say this:
1. There is support from 200MA and Anchored VWAP from its last year lows.
2. There is seem to be a bullish symmetrical channel pattern. ( As drawn with black lines)
3. Notice the moving average cross on the MACD,...
