Thursday, July 31, 2014

Active-Trader - Fib in NFLX

Welcome back Traders.

At the request of my friends in the Financial Trader chat room, here are Fib levels for NFLX.

The 238% fire line at $432.47 has acted as resistance recently.  The next snow lines for support are at $411.14 and $398.53.  Next major support to the downside after that is the tree line at $376.46.

In fast moving markets sometimes these lines only provide a short term pause, so tread carefully.


2 comments:

  1. thank you for the updates marketmon

    ReplyDelete
  2. Franklin-

    Your welcome. I didn't trade NFLX this week, but note how the low of the day on Friday for NFLX was .... 412.51 just above that snow line at $411.15. Take care,

    Chris

    ReplyDelete