Netflix grows its subscriber count (23/01/2024)According to Netflix Inc.'s report , the company boasts 250 million paid subscribers worldwide. In Q3 2023, Netflix attracted nearly 8.8 million new customers, setting a record since 2020. The company aims to achieve the same results in Q4 2023. Moreover, its management intends to sustain such strong audience growth rates long-term. All this will allow Netflix to maintain its leading position in the industry.
So, today, we will examine the Netflix Inc (NASDAQ: NFLX) stock chart.
On the D1 timeframe, resistance has formed at 496.14, with support at 464.76. If quotes consolidate at 482.00, the upward trend may continue, and the price of the issuer's stock may reach its historical maximum.
On the H1 timeframe, a rebound from the 482.00 level could set a short-term target for a price increase at 496.14, while in the medium term, it could hover around 520.00.
—
Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66.02% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
