Netflix Inc. has been bouncing for more then a year in a channel. 23 January 2018, it broke the resistance of the channel. The RSI is 90.2 which is overbought. The MACD may be forming a rounding top which may indicate that a correction is comming. The 50 EMA has been a support for a couple of times in the past. The 50 EMA has some catching up to do if it wants to act as a support.
If the share price would fall, the first support would be the 0.236 fibonacci retracement level which falls together with the resistance that now acts as support. If the share price continious to fall, the next support may be the 0.5 fibonacci retracement level which also falls together with closing share price of the day before the breakout. Eventually the share price may take a big hit and fall onto the long term support which is holding for more than a year.
I just want to give my humble opinion on some products by doing technical analysis. There may be some minor and/or major flaws. Nobody is perfect and I'm willing to learn from my mistakes through your opinions. Thank you.
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Disclaimer: This is not financial advise.