Thursday, June 30, 2016

#NFLX Bias & Levels Update for Thursday June 30, 2016 by @mocktrade

#NFLX Bias & Levels Update for Thursday June 30, 2016 by @mocktradeSocialTwist Tell-a-Friend

NFLX bias is now at neutral from bearish due to the breach back in the previous wedge which does give buyers an edge; however until/if first above 92.30 then above the 78.6% Fib at 93.50 NFLX could or may now remain in a sideways pattern until sometime after the July 4th holiday.

In order for NFLX to have a chance at pushing/holding above 93.50 the wedge must now contain otherwise if breaching back out of the wedge to the downside again and then also breaching below the line in sand (LIS) at 87.00 the 82s and 80s-78s zone targets will be back on the on the table.

Ethan Premock Futures & Options Strategist at Hamzei Analytics, LLC 

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