Netflix - Bullish Move Of +50% Ahead!

Netflix (NFLX) is trading at an important breakout level:

Click chart above to see the detailed analysis👆🏻

Netflix is just another one of these stocks which is perfectly following cycles and market structure. After the recent drop of about -80%, Netflix perfectly tested the bottom of the reverse triangle pattern, created bullish confirmation and took off towards the upside.

Levels to watch: $700, $1.000

Keep your long term vision,
Philip (BasicTrading)

액티브 트레이드

Trading update on Netflix (NFLX):

Click chart above to see the detailed analysis👆🏻

Netflix is about to break a massive resistance level towards the upside and looking at the previous cycle, it is quite likely that we will see a breakout. If it happens, there is a very high chance that Netflix will immediately rally back to the triangle resistance trendline.

Levels to watch: $720, $1.000

Keep your long term vision,
Philip (BasicTrading)

액티브 트레이드

Trading update on Netflix (NFLX):

Click chart above to see the detailed analysis👆🏻

Netflix finally managed to create a new all time high and is slowly but surely breaking above the current horizontal resistance level. If such a breakout happens, we can immediately see a rally of +60% because the reverse triangle resistance is still quite far away from price.

Levels to watch: $720, $1.000

Keep your long term vision,
Philip (BasicTrading)

액티브 트레이드

Trading update on Netflix (NFLX):

Click chart above to see the detailed analysis👆🏻

Boom, Netflix just broke above the previous all time high as expected, perfectly following the recent analysis. It is simply a repetition of the price action during 2013 with the reverse triangle and the resistance breakout. This means we have another +50% to go from here.

Levels to watch: $720, $1.000

Keep your long term vision,
Philip (BasicTrading)