Netflix has a ton of support in the 480 to 500 zone
The correction of Netflix may be ending soon...
At worst, another 5% down. There is a lot of support in the psychological 500
level down to around 480.
500 will be around 50% Fibo level (290 to 700 range) & I think it will hold as a lot of trading was
done in this zone last August 2020 to May 2021.
not financial advice...just an educational guide.
At worst, another 5% down. There is a lot of support in the psychological 500
level down to around 480.
500 will be around 50% Fibo level (290 to 700 range) & I think it will hold as a lot of trading was
done in this zone last August 2020 to May 2021.
not financial advice...just an educational guide.
Note
Thank s do much for your comments. Just my opinion, I think subscriptions to Netflix was already expected to go down as many already subscribed during lockdown. I think the negative news is already somewhat priced-in...just sort of selling the news effect.Going forward, all it needs is another catalyst like Metaverse or another "Squid Game" & buyers will come back once price fall some more to the previous demand zone 480-500.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.