Pending Doom - Netflix Ascending Wedge
Netflix has gone parabolic with gains close to 85% in 2018 alone. However, price action has led to an ascending wedge that has a strong possibility to break to the downside. To strengthen that argument, the MACD in 2018 is showing a bearish divergence across the past 3 relative highs and the recent ATH reached in the past week. Let's wait and see what happens but it does not look promising. Good luck!
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Netflix decided to go into outer space and I don't think it's coming down any time soon!
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