Today’s instrument is Netflix Inc.‘s stock traded on the Nasdaq exchange under the ticker NFLX. 

When we look at the NFLX ‘s chart, we can see that the pre-market is open higher from the closed price of $189.12 to the current price of $192. Netflix is announcing tomorrow its quarterly earnings and if the market’s anticipation is positive, then we could expect its price to rise towards its resistance level at around $200 otherwise it should fall towards its support level at around $176.

(Click on image to enlarge)

More By This Author:

EURGBP Expected To Continue Rising Towards Its Next Resistance Level
Citigroup: Expected To Rise Towards Its Resistance Level At Around $48
EURUSD: An Expected Drop To A New All-Time Low