NFLX Long
If you take a look at a weekly chart of NETFLIX (NYSE:NFLX) you will see a recurring pattern, the stock has a tendency to consolidate for approximately an year and then give parabolic moves to the upside. I have marked all such parabolic moves on the weekly chart.
We have already broken out of the resistance of the consolidation and I believe we will see levels exceeding $1000 in less than a year's time.
Buy in and sit tight.
We have already broken out of the resistance of the consolidation and I believe we will see levels exceeding $1000 in less than a year's time.
Buy in and sit tight.
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.