NETFLIX (NFLX) — Distribution nears completion?
3 min readNov 4, 2020
NETFLIX (NFLX) had a climatic run up in July 2020 created a buying climax [1] high near 575 with spike of the supply followed by an automatic reaction, which sets the support level at 467. The increasing of the supply from the buying climax high to the down swing formed by the automatic reaction stopped the up move and a trading range was formed.
