Netflix - there is a great potential for growthIdea: Long
Horizon: 2-3 weeks
Target 1: 349,74
Target 2: 363,82
Target 3: 379,19
Potential of the idea: 10%
Stop order: $ 314,2
Technical analysis
The price structure is in an upward movement, forming a ‘triangle with a squeeze’ figure along the trend, accordingly there is a high chance of continuing the upward movement. It is better to consider entering a position in the support zone 315.8 - 330.21. The RR ratio when reaching Target 1: 1 to 2. You can only enter after confirmation on younger time frames.
Fundamental factor.
Netflix’s announced plans for four summer investments of $2.5 billion in the production of Korean dramas, movies and reality shows are fueling interest in the service, which will positively affect the price of the asset.
