NFLX
NFLX Bullish still intactNFLX is setting up for a wave (v) increase into the 600-620 upside target. Although we’re seeing a pullback, this heightened volatility is expected to persist into election season. If this is the case bulls are setting up targeting the potential 760-770 wave v upside target.
NFLX Increased Volatility targeting wave (v)NFLX is setting up for a wave (v) increase into the 600-620 upside target. Wave v rally in progress as the current bullish triangle pattern has been completed yesterday. If this is the case bulls are setting up targeting the potential 760-770 wave v upside target. Check video update on trade management and profit maximization on NFLX existing bullish vertical spreads.
Long Term investment on Netflix NFLX- Weekly chart
- has broken long term rectangular which started June 2018
- made back test at $424 and got strong support
- price is bullish on 10 EMA + 40 EMA
- MACD is bullish
- long term investment with expected ROI %20 in 6 months
What do you think ?
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This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Regards
NFLX needs to chillshort term bullish as the recent low didn't pierce the SHK support zone. As long as it stays above and holds, we could see one more test of the top. Ultimately failing. Broader market is not making growth easy.
E: 499-505 (after reversal of trend)
T:525.85
T2: 542.35 (no sluggishness)
S: 484.05