NFLX Weekend Update

• Netflix having broken its 50 Day Moving average is moving towards its 200 Day Moving average.
• Price is also showing an important trend line break in weekly chart.
• 200 DMA is around 222, Weekly line chart is showing support between 228 - 235 levels.
• Stochastic indicator is showing oversold readings, But price has not shown any reversal sign yet.
• If stochastic line stays below 20% line one can stay short. Since Stock is oversold one should look for bullish reversal candlestick patterns or break and close above 20 day moving average to go long.
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