NFLX started to show weakness on Friday 12th’s opening, changing over to a bearish momentum bias on the 60 minute chart. Today, Monday 15th, the daily is now showing also a bearish momentum bias on the daily chart. If we continue to move lower, we’re looking at NFLX potentially testing the 200-day SMA at around $338 sometime in the next day or two.

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NFLX Bearish Momentum Bias