Netflix (
NFLX) will continue its parabolic rally:
Click chart above to see the detailed analysis👆🏻
With this monthly candle, Netflix finally broke above the previous all time high and it about to continue the reversal triangle pattern cycle. We saw the same breakout back in 2013, when Netflix broke above the all time high and then started an even stronger rally of about +50%.
Levels to watch: $750, $1.000
Keep your long term vision,
Philip (BasicTrading)
NFLX) will continue its parabolic rally:Click chart above to see the detailed analysis👆🏻
With this monthly candle, Netflix finally broke above the previous all time high and it about to continue the reversal triangle pattern cycle. We saw the same breakout back in 2013, when Netflix broke above the all time high and then started an even stronger rally of about +50%.
Levels to watch: $750, $1.000
Keep your long term vision,
Philip (BasicTrading)
Trade active
Trading update on Netflix (NFLX):Click chart above to see the detailed analysis👆🏻
Netflix finally managed to close a monthly candle above the previous all time high which means that the sky is now the limit. Looking at previous price action, it is quite likely that we will see a shorter term rally back to the upper resistance, which means about +50% move.
Levels to watch: $750, $1.000
Keep your long term vision,
Philip (BasicTrading)
Trade closed: target reached
Trading update on Netflix (NFLX):Click chart above to see the detailed analysis👆🏻
Already being up another +15% since I updated this analysis, Netflix is clearly heading for a retest of the resistance trendline of the reverse triangle pattern. We might see another pullback and a potential retest of the previous breakout level but this will certainly be a buying opportunity.
Levels to watch: $1.000
Keep your long term vision,
Philip (BasicTrading)
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.
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.