Netflix to 175?Netflix (NFLX)
1. Price Formation: The price has broken out from a Rising channel (Flag) price formation on a daily chart.
2. Moving Averages: The 7-day moving average (MA) is below the 21-day MA, which is a sign indicating short-term bearish momentum.
3. 200-day Moving Average is above the Price.
4. Thus, Mas 7<21 and 21=200
5. Relative Strength Index (RSI): The RSI is <than 50, indicating bullish momentum and potential further upward movement.
6. Price Target: to the bottom of the channel at 175