American Stocks Analysis

Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.

Netflix passes the negative pressure - analysis 26-08-2016

Economies.com
2016-08-26 16:43PM UTC

Netflix shares ended Thursday trades higher by (2.14 point) or (2.25%) of the previous closure, trying to hold above 95.50 resistance that coincided with the bearish trend line for the previous medium trades, comes after facing 88.00 support level which the price was able to adjust it to 84.85 after rebounding from 88.00 support, comes after a bullish trails ahead the resistance 103.80 as the highest recorded level during the previous trades.

 

 

The price failed during the previous trades to hold above the resistance 103.80 to fall again passing 95.50 level with passing the SMAs 50 and 100, to fall reaching 84.85 level.

 

 

Generally; the prices ability to trade back above 95.50 resistance will push it ahead the next one 103.80 supported by SMAs 50 and 100, but trading back below 95.50 will push down the price to retest the support 84.85.

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