Netflix stalls - Analysis - 10-01-2019

2019-01-10 12:41:30 GMT (Economies.com)
Netflix stalls - Analysis - 10-01-2019
 

Netflix's stock inched down 0.10% in the last session, or 0.31 points, while collecting recent short-term gains, as the stock also vented off overbought saturation in the RSI, while buoyed by a positive pattern that formed in the short term, the Falling Wedge pattern, with positive pressure from the 50-day SMA. 

 

Therefore we expect the stock to return higher, targeting the pivotal resistance of 380.00, as long as it settles above 310.93. 

 

Expected trend for today: Bullish 

 
 
 
  Symbol Last Change Chg.%
1.1383
-0.0080
0.6962%
1.2868
0.0011
0.0863%
15.555
-0.043
0.276%
52.010
0.390
0.755%
61.05
-0.27
0.44%
1291.850
4.090
0.318%
 
 
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