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