blackwell33

Netflix time to rest?

做空
NASDAQ:NFLX   Netflix, Inc.
A miss on earnings back in July put a halt to the upside run after a technical break out of cup and handle. Spent the last month forming a bearish descending triangle. Will it go back to restest that breakout area as support? Volume looks weak and unsupportive, moving averages about to cross over. A break of the bottom support would warrant a short position.

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