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.
thank you for the updates marketmon
ReplyDeleteFranklin-
ReplyDeleteYour 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