NFLX is heading towards the support line of a Channel Up and could reach this point within the next 2 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
After testing the support line numerous times, NFLX is once again approaching this line. Can we expect a bearish trend to follow?
