Netflix, Inc.Updated NFLX Technical Playbook for 9/17/21
Netflix is currently overbought on the Daily timeframe , stretching out well above the 8 ema . After completing an inverse head & shoulders, there is plenty by buy volume supporting levels above $548+. Also on a daily basis the volume average is increasing steadily since late July. With the overall market currently pausing from all time highs and taking a bit of a nose dive since Thursday, bulls may stave off with a reaction at the 21 day ema as bears attempt to push lower. But With buy volume stronger across the VPVR, EMA’s curving up, and in the Target range of a inverse head & shoulders, pattern I am neutral to bullish this week coming up.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.