NFLX: Bearish Trend and Downside Risk
🔥 Potential Price Targets:
🩸 Near-term Goal: $837.69 (1-2 months)
🩸 Long-term Goal: $878.60 (3-4 months)
🔥 LucanInvstor's Strategy:
🩸 Short: Below $837.69, targeting $820 and $800. The MACD remains negative, and the price is below the 9-day EMA, indicating further downside.
🩸 Long: Above $878.60, targeting $885 and $900. A break above resistance could trigger a rally, but short-term bearish momentum suggests caution.
🔥 LucanInvstor's Commands:
🩸 Resistance: $878.60 — A key resistance level; a break above this could lead to further upside.
🩸 Support: $837.69 — A critical support level; a breakdown below this could trigger further declines.
Netflix is under bearish pressure in the short term, with negative momentum confirmed by the MACD. A breakdown below support could lead to further downside, while a breakout above resistance may lead to a potential rally.
👑 "In times of uncertainty, clarity in strategy is paramount."
🩸 Near-term Goal: $837.69 (1-2 months)
🩸 Long-term Goal: $878.60 (3-4 months)
🔥 LucanInvstor's Strategy:
🩸 Short: Below $837.69, targeting $820 and $800. The MACD remains negative, and the price is below the 9-day EMA, indicating further downside.
🩸 Long: Above $878.60, targeting $885 and $900. A break above resistance could trigger a rally, but short-term bearish momentum suggests caution.
🔥 LucanInvstor's Commands:
🩸 Resistance: $878.60 — A key resistance level; a break above this could lead to further upside.
🩸 Support: $837.69 — A critical support level; a breakdown below this could trigger further declines.
Netflix is under bearish pressure in the short term, with negative momentum confirmed by the MACD. A breakdown below support could lead to further downside, while a breakout above resistance may lead to a potential rally.
👑 "In times of uncertainty, clarity in strategy is paramount."
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