Now it all depends on the timeframe you are trading in.  I am referencing the Daily chart.  If you notice the stock has moved higher over the last several days, but the volume is waning, MACD is not even positive, RSI has a lower low from the high and daily price bars are star patterns.  Now I am not saying the stock is going to collapse here, just running into an exhaustive move and the pattern is bearish on the Daily chart.   The stock is still very bullish on the Weekly and Monthly chart- but currently looks like it might pullback.   Nothing goes up in a straight line forever. in the markets. Where it might pullback - know one knows (5, 10, 20 day ema).  Every fund has been buying NFLX and why not, it is the winner out of this pandemic but at some point when everyone is "in" you lose momentum and swing back down.  That is just my take on it and do not trade on my advice.  due your own DD.  Hope that helps answering your question.

    Looks like it would have

    Posted by hoek2 on 8th of May 2020 at 02:20 pm

    Looks like it would have been a good short to get some today...

    Cheers Ssaffer - appreciate the

    Posted by z0ned on 7th of May 2020 at 05:44 pm

    Cheers Ssaffer - appreciate the detailed response.  Thank you.

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