logo

FX.co ★ NFLX stock price remains inside the bearish channel.

NFLX stock price remains inside the bearish channel.

NFLX stock price bounced towards $455 after the $351 low on January 24th. However as we said in our previous analysis on NFLX at the beginning of February, price remains in a bearish trend and lower lows are expected to be seen.

See also: InstaForex is one of the leaders in the Forex market, 12 years on the market, more than 7,000,000 active clients
NFLX stock price remains inside the bearish channel.

Blue lines- bearish channel

NFLX stock price continues to respect the bearish channel boundaries. This increases the chances of price making new lower lows below $350. We remain bearish NFLX as long as price is below $455. Short-term resistance is at $416. A move above this level would be a sign of strength but not a confirmed reversal.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
Go to the articles list Go to this author's articles Open trading account