NETFLIX Up +18% today, sending a message to the market.
Netflix made a huge price jump today, opening on the MA50 (1d) for the first time in more than 1 month.
It remains under the Falling Resistance, but held the Rising Support trend lines of the Bullish Megaphone.
Trading Plan:
1. Buy after the price crosses over the Falling Resistance or if it hits the MA200 (1d) again.
Targets:
1. 508.45 (January 20th 2020 gap).
Tips:
1. The RSI (1d) made a huge oversold jump. Similar jumps can be seen on March 9th 2023 and May 9th 2022, both market bottoms.
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It remains under the Falling Resistance, but held the Rising Support trend lines of the Bullish Megaphone.
Trading Plan:
1. Buy after the price crosses over the Falling Resistance or if it hits the MA200 (1d) again.
Targets:
1. 508.45 (January 20th 2020 gap).
Tips:
1. The RSI (1d) made a huge oversold jump. Similar jumps can be seen on March 9th 2023 and May 9th 2022, both market bottoms.
Please like, follow and comment!!
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Also doing account management, earn +15% monthly profit!
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