IggyMoney
Short

Netflix MACD Divergence

NASDAQ:NFLX   NETFLIX INC
While Netflix has been the darling of the Covid-19 Pandemic trade period, there is some technical weakness evidenced by a divergence on the MACD . While a higher price point such as $490-$500 is achievable, this may be used as a zone of distribution for larger holders.
Non-recommendations from a non-financial expert - #NFLX has increased downside risk while showing waning momentum to the upside. Expecting a retracement urged on by possible short position.

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