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NFLX: Triple Top Alert

NASDAQ:NFLX   Netflix, Inc.
From the daily chart, looking at the ever strong Resistance of $557 Supply level that has been rejected more than 5 times since IPO, indicates that NFLX might be rejected once again. At 1HR chart, we can also see a triple top rejection at $556/$557 during the day. RSI is highly oversold. Expecting a downwards rejection on the strong resistance. However, if Nasdaq is performing well, this could be an opportunity of breaking out. Monitor closely on the next candle volume and price action. Nasdaq strong push is essential.
Penafian

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