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