NFLX, AMZN, QQQ& AMD Confronted with Downward Pressure!

TrendSpider
10-18

Hello everyone! Today i want to share some technical analysis with you!

1.

Seems like an important area for $Advanced Micro Devices(AMD)$ to hold here:

◦ Trendline from all-time highs

◦ 50-day SMA

◦ August high pivot

2.

$Invesco QQQ(QQQ)$ You don't see that everyday...

Today's daily candle on QQQ has almost no wick on either end.

Opened at the high, closed at the low. 😶‍🌫️

3.

$Amazon.com(AMZN)$ Coiled is an understatement...

Amazon has a big directional move right around the corner. ⏳

4.

$Netflix(NFLX)$ Bearish RSI divergence playing out on NFLX ahead of today's earnings report...

~EPS ESTIMATE: $5.12 (+37% YoY)

~SALES ESTIMATE: $9.77B (+14% YoY)

Netflix makes up 0.61% of the S&P 500 and will set the tone for big tech earnings this quarter. 👀🍿

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