Netflix, seems like, is about to retest its' previous resistance, that would be turning into major support area, and also 200 Day EMA as well.
Also it seems like it would be continuing its' current Bullish move for near term future and should easily surpass it's ATH.
But just in case if my analysis is wrong, i would be putting my SL at around $555.
Because that would be place where i wouldn't like to see NFLX again and would decrease probability of my analysis and would not be looking good for Bulls.
Rest, Trade Safely and i hoped you guys like this educational analysis on Netflix.
Also it seems like it would be continuing its' current Bullish move for near term future and should easily surpass it's ATH.
But just in case if my analysis is wrong, i would be putting my SL at around $555.
Because that would be place where i wouldn't like to see NFLX again and would decrease probability of my analysis and would not be looking good for Bulls.
Rest, Trade Safely and i hoped you guys like this educational analysis on Netflix.
Trade active
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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.