January 25, 2013

Netflix Chart analysis

  • NFLX Daily chart was in a minor up trend and the news reaction too went with the trend.
  • Price is trading above the weekly swing high of 133 levels. Sustaining above this level will keep the upward momentum intact.
  • Price is testing 38.2% Fib level. Closing the week above this level may take price towards the next Fib level in the coming weeks. Weakness can be seen if price starts to trade below 133 levels.
  • APPLE FALLING IN A CHANNEL
-->

No comments:

Post a Comment