Netflix - SHORT (54% profit) / where to buy (NEW)

2022년 12월 22일

In May 2022 Netflix has hit lows seen last time in September 2017.
Since then NFLX has been on a steady rise. It looks like the price is in some kind of a rising channel.

Indicators such as MACD or RSI are implying more upside in the next weeks. It looks good for bulls. Around $380 we may see a rejection as it's a huge resistance now. We expect bears to take over from there and the downtrend to resume. If the price drops 54 % from there we could see a potential higher low /double bottom which would be mega bullish and would help bulls to confirm the long-term uptrend.

-Short at the strong resistance
-exit for shorts / buy area: $177 - $170

Most likely it will take many months for a price to reach a buy area therefore patience is required .

Good luck

2023년 1월 16일

노트

The price moving in the rising channel. Still bullish

2023년 1월 23일

노트

The price is approaching resistance slowly. One more push and the correction is expected on this one

2023년 2월 10일

액티브 트레이드

The price is getting rejected at the key resistance.

2023년 2월 27일

액티브 트레이드

The price is retesting the bottom of the rising channel.
If it breaks down, we should see a nice dump.
If it bounces from here, it may retest the key resistance again.

2023년 3월 12일

액티브 트레이드

The price broke down the rising channel. We should see more downside on Netflix.