NFLX: Testing Resistance Amid Recovery
🔥 LucanInvestor's Strategy:
🩸 Short: Below $857.78, targeting $840 and $820. The MACD remains bearish, suggesting downside risks persist.
🩸 Long: Above $898.23, aiming for $880 and $900. A breakout above this resistance will confirm bullish continuation.
🔥 LucanInvestor's Commands:
🩸 Resistance: $898.23 — Key level for bulls to breach for sustained upside.
🩸 Support: $857.78 — Crucial support; losing this level may lead to further selling pressure.
Netflix (NFLX) is showing signs of recovery as it trades above the 9-day EMA ($857.78). However, MACD is still negative, signaling caution. A breakout above $898.23 would confirm bullish momentum and open the path to higher levels. Failing to hold above $857.78 could trigger a retest of lower supports.
👑 "In markets, strength is measured by resilience through resistance." — LucanInvestor
🩸 Short: Below $857.78, targeting $840 and $820. The MACD remains bearish, suggesting downside risks persist.
🩸 Long: Above $898.23, aiming for $880 and $900. A breakout above this resistance will confirm bullish continuation.
🔥 LucanInvestor's Commands:
🩸 Resistance: $898.23 — Key level for bulls to breach for sustained upside.
🩸 Support: $857.78 — Crucial support; losing this level may lead to further selling pressure.
Netflix (NFLX) is showing signs of recovery as it trades above the 9-day EMA ($857.78). However, MACD is still negative, signaling caution. A breakout above $898.23 would confirm bullish momentum and open the path to higher levels. Failing to hold above $857.78 could trigger a retest of lower supports.
👑 "In markets, strength is measured by resilience through resistance." — LucanInvestor
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