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johntradingwick
Jan 30, 2022 2:15 PM

Netflix - Possible relief rally? 

Netflix, Inc.NASDAQ

Description

Key highlights:

1. Sitting in Daily demand zone
2. May try to reclaim 200MA cluster
3. Volume climax
4. Sitting at previous swing level
5. Formed a high volume bullish hammer on daily
6. RSI oversold on multiple time frames

Conclusion: Expecting a relief rally in the coming week.

Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.

Happy learning. Cheers!
Rajat Kumar Singh (@johntradingwick)

Comment

9% up today itself. ✅
Comments
Dance2020
Thank you for sharing. Great learning material.
johntradingwick
@Dance2020, I am glad you liked my work. Thank you.
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