NFLX is moving towards a resistance line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If NFLX continues in its current trajectory, we could see it reach 1311.8400 within the next 3 days.
NFLX is quickly approaching the resistance line of a Channel Up. We expect either a breakout through this line or a rebound.
