NFLX Netflix Weekly Chart

NFLX Netflix weekly chart shows the negative divergence spank down four weeks ago. The top also occurred with a doji candle. Price now sits directly on top of the 20 MA; it is impressive to see that the 20 MA has held the last two years. We will know this week if it can hold the 20 MA again. This is a chart that appears to have topped and rolled over. A bounce moving forward would create a right shoulder. The potential H&S pattern would target the support at 100 and most likely take the rest of the year to play out. 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.