Will the Bearish Flag hold or fail? Plot your targets on the chart.
Bearish continuation if preceding move was down.
Technical analysis of Netflix (NFLX) reveals a significant setup. With a last close of $90.17, volatility remains active (2.36%). Price action has carved out a classic Bearish Flag. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $85.1, targeting $58.95 with support near $91.48 (R:R 4.1).
What is your outlook on NFLX?