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Netflix, Inc. (NFLX) Message Board

  • sandyeggojake sandyeggojake Mar 7, 2011 10:57 AM Flag

    MACD at zero...expect follow through to the south

    MACD on the daily chart just "landed" at zero...and now accelerating to the negative. While not a max diverence cross, given Friday's action, is still expected to trigger rounds of follow through profit taking.

    As such, wee do not see the $208 holiding... and then technical selling will accelerate as well.

    Our box is suggesting this may be the $200 retest that cracks.

 
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