NFLX Netflix Weekly Chart Negative Divergence Potential M Top

NFLX Netflix chart shows the overwhelming strength in price the last couple years. Green lines in 2009 and 2010 show the long and strong trend. Last summer price got too far ahead of itself as the RSI, stochastics and money flow kicked off negative divergence to pull price back. The histogram wanted to see a higher price again, however, so up she went into the February doji top. RSI and money flow then displayed negative divergence and wanted price to fall but histogram and stochastics wanted to see price come back up once again. Well, price did, and that is where we are now after all these many months.

The difference now is that as price prints slightly above the February highs, this locks in negative divergence across the board, all indicators now, so she is finally ready to begin rolling over. This would also place an M Top as the sketch to the side shows. A summer time target would be the 180-190 range that corresponds to the large volume candle from Thanksgiving. A drop of 50 in price represents a 20% drop from the current levels. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.