NFLX - Broke Rising Trend [MIDTERM]

- NFLX has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate.
- NFLX has marginally broken up through resistance at 300.
- The short term momentum of the stock is strongly negative, with RSI below 30.
- This indicates increasing pessimism among investors and further decline for NFLX.
- However, particularly in big stocks, low RSI may be a sign that the stock is oversold and that there is a chance for a reaction upwards.
- Overall assessed as technically positive for the medium long term.

*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price

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