NFLX ~ Snapshot TA (Daily / Nov 2023)
Updated
NFLX chart mapping/analysis.Bullish recovery back into ascending parallel channel (green).
Bull target(s)
- Breakout descending parallel channel (white) + descending trend-line confluence resistance
- Overhead gap fills (~470 / ~506.93 / ~566.88)
- Golden Pocket Fib + gap fill (~506.93) confluence resistance zone
Bear target(s)
- Underlying gap fills (~412.52 / ~354.79 / ~341.38)
- Ascending trend-line support (light blue dotted)
- 38.2% Fib
- 23.6% Fib
Note
Note: TradingView chart was dividend adjusted (ADJ) when mapped.Note
NFLX strong bullish momentum into ~480 overhead supply zone.Could see consolidation before EOY surge towards Golden Pocket Fib/~500 psychological level, otherwise sellers retake control & stage a bearish mean reversion, TBC.
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