Netflix pierces upside trend line - Analysis - 20-07-2018

Netflix's stock (NFLX) fell in the intraday levels, breaching the main upward short-term trend line, and coinciding with trespassing the support of the 50-day SMA, recording a loss of 2.91% in the last session, or 10.90 points, and doubling the negative pressure on the stock. 

Therefore we expect more losses for the stock, as long as it settles below 380.0, targeting the support of 333.56.