Netflix changing from Support-Resistance to up-trend
Hello everyone,
Netflix was for around six months in a support-resistance trend until it finally broke the resistance line to then go down again. this is an indicator that it will go into an up-trend now. the previous resistance level could then become the support level.
Of course, I'm not 100% sure that the resistance area will become the support area, but this is likely to happen.
I'm going to keep you up-to-date on Netflix stock, so you know what's happening.
my recommendations are, buy now and sell at the current resistance level. This way you're sure you won't make losses. But do know you should not just blindly follow me, you might have different ideas than me and that's totally fine.
As always: trade with care, don't just blindly follow me.
Have a nice day!
Netflix was for around six months in a support-resistance trend until it finally broke the resistance line to then go down again. this is an indicator that it will go into an up-trend now. the previous resistance level could then become the support level.
Of course, I'm not 100% sure that the resistance area will become the support area, but this is likely to happen.
I'm going to keep you up-to-date on Netflix stock, so you know what's happening.
my recommendations are, buy now and sell at the current resistance level. This way you're sure you won't make losses. But do know you should not just blindly follow me, you might have different ideas than me and that's totally fine.
As always: trade with care, don't just blindly follow me.
Have a nice day!
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.