Netflix (
NFLX) will retest the trendline next:
Click chart above to see the detailed analysis👆🏻
About six years ago, Netflix started the creating of a reverse triangle pattern, perfectly trading between the two trendlines. We already witnessed such a behaviour back in 2012 and following this previous bullish cycle, it is super likely that Netflix will head even higher.
Levels to watch: $1.200
Keep your long term vision,
Philip (BasicTrading)
NFLX) will retest the trendline next:Click chart above to see the detailed analysis👆🏻
About six years ago, Netflix started the creating of a reverse triangle pattern, perfectly trading between the two trendlines. We already witnessed such a behaviour back in 2012 and following this previous bullish cycle, it is super likely that Netflix will head even higher.
Levels to watch: $1.200
Keep your long term vision,
Philip (BasicTrading)
Trade active
Trading update on Netflix (NFLX):Click chart above to see the detailed analysis👆🏻
This chart is just way too clean with Netflix perfectly repeating the breakout price action which we saw about a decade ago. Looking at the four digit level, Netflix would also be a perfect candidate for a 10:1 stock split which would lead to the final blow off rally.
Levels to watch: $1.200
Keep your long term vision,
Philip (BasicTrading)
Trade closed: target reached
Trading update on Netflix (NFLX):Click chart above to see the detailed analysis👆🏻
Netflix does simply not care about any stock market weakness and since we have been seeing green candles for six consecutive months now, it is quite likely that this strength continues with another couple of green candles. Next is just the upper resistance trendline.
Levels to watch: $1.200
Keep your long term vision,
Philip (BasicTrading)
Keep your long term vision!
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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.
Keep your long term vision!
Free: Join our "Elite Trading" community👇🏻
discord.gg/jgdrYXwqyD
Free: Join our "Elite Trading" community👇🏻
discord.gg/jgdrYXwqyD
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.