Netflix's trading pattern has exhibited a notable uptrend and has remained within a channel, indicating potential for a bullish trade opportunity. However, it is important to exercise caution and implement effective risk management strategies, such as a tight stop loss, when dealing with a high-growth stock like Netflix. This approach will help to mitigate potential downside risks and safeguard against adverse market movements.
Red level is resistance
Purple is pivot level
green is the buy zone
Red level is resistance
Purple is pivot level
green is the buy zone
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Disclaimer
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.