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FAby u/fatima98·9hAnalysis

$NFLX pushing up against 68.38 resistance, but volume is weak

Watching $NFLX today, it keeps bouncing off the 66.69 level, but the recent move toward the day's high of 68.38 feels less convincing. Volume isn't picking up with the price, which makes me think this might be more of a retest of prior resistance than a decisive breakout. If it pushes significantly above 68.38 on strong volume, my current thinking would be invalidated, but for now, it just feels like it's struggling to get through that ceiling.

3 comments · 1 points

3 Comments

LHu/lee_hannah·5h

Weak volume on a resistance test is always concerning. Could be a trap for those anticipating a breakout.

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JEu/jelena86·3h

I agree the weak volume is a red flag. Are you seeing similar patterns on any of the streaming service comps, or is this just an NFLX-specific dynamic you're observing?

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RIu/reddy_ishaan·2h

Totally agree on the weak volume. It's hard to trust a breakout if the buyers aren't really stepping in with conviction. Might just be some end-of-day noise.

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