Netflix falls within negative zone - Analysis - 12-12-2018

Netflix's stock returned lower with a 1.62% loss of 4.38 points, while settling below the resistance of 271.90, representing the ratio 61.8% of Fibonacci retracement levels for an ascending wave in the medium term (From 178.48 to 423.21), with negative pressure from the 50-day SMA, coupled with negative signals from the RSI. 

Therefore we expect more losses for the stock, as long as it settles below 271.90, targeting the next support at 236.16, representing the ratio 76.4% of the same retracement levels. 

Expected trend for today: Bearish