NFLX Technical Playbook for 9/17/21
Updated
Netflix is currently overbought on the Daily timeframe , stretching out well above the 8 ema . After completing an inverse head & shoulders, there is plenty by buy volume supporting levels above $548+. Also on a daily basis the volume average is increasing steadily since late July. With the overall market currently pausing from all time highs and taking a bit of a nose dive since Thursday, bulls may stave off with a reaction at the 21 day ema as bears attempt to push lower. But With buy volume stronger across the VPVR, EMA’s curving up, and in the Target range of a inverse head & shoulders, pattern I am neutral to bullish this week coming up.
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