19.07.2016 - Price of Netflix can rebound upwards

Price of Netflix broke through the inclined resistance line, but failed to gain a foothold above it, and the result showed a significant drop with gap. Currently quotes are around the strong the level of support at 85.00 and there is a high probability of a rebound of price upwards and closing the gap. In case of opening new positions with the targets at 96.50 and 100.00, we recommend setting a stop below 85.00. Our medium-term outlook is positive.

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