Hey All,
I wanted to get your feedback on this analysis.
I am solely basing my opinion based on the RSI indicator, MACD and candlesticks on the daily chart.
Although earnings help
NFLX to go up slightly. It had to restest a strong resistance at 562.46. Once it reached the resistance the bears took control which resulted in a pretty strong bearish pinbar, usually signaling a reverse in trend. Along with the pin bar the RSI is way oversold and the MACD is looking like it is being set up for a bearish divergence, where the price action is trending up, but the MACD is trending down. In addition, there was also a gap up during earnings and that gap will need to be filled.
This signals to me that the there will be a short, even if just to fill the gap up.
What do you guys think?
I wanted to get your feedback on this analysis.
I am solely basing my opinion based on the RSI indicator, MACD and candlesticks on the daily chart.
Although earnings help
NFLX to go up slightly. It had to restest a strong resistance at 562.46. Once it reached the resistance the bears took control which resulted in a pretty strong bearish pinbar, usually signaling a reverse in trend. Along with the pin bar the RSI is way oversold and the MACD is looking like it is being set up for a bearish divergence, where the price action is trending up, but the MACD is trending down. In addition, there was also a gap up during earnings and that gap will need to be filled. This signals to me that the there will be a short, even if just to fill the gap up.
What do you guys think?
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.