Could Netflix (NFLX Stock) drop towards the 300 level?

Today’s instrument is the Netflix Inc.‘s stock traded in Nasdaq exchange under the ticker NFLX.

Looking at the NFLX ‘s chart, we can see that after an upward price movement, it was lastly traded at around $326.

Tomorrow, it is announcing its quarterly earnings, and if the market’s anticipation is positive then we should expect a further price increase today, testing its resistance level at around $330 with high possibility to break through it.

On the other hand, it could drop towards its support level at around $300.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *