NFLX showing weakness poised for a sell off

٢٨ سبتمبر

NFLX rally is coming to an end it seems with a clear break below its upward support line and holding below.

• Breaks below back in Sept 11, then quickly reverses back up.
  
• Recently breaks below again, tries to regain but fails to get above support level.
  
• Stock is now the support level into its resistance level
  
• RSI breaks below its 50 level and over the past few days
  
• MACD falls into bearish territory
  

NFLX rally since the August sell off looks to be coming to an end. It is expected that October will bring volatility into the market.