NETFLIX -JUST A MATTER OF TIME TILL IT WILL SHOOT BACK UP !!
Netflix on a 4H chart -this is the support level since bounced back from crash of Covid.
A very strong stock, signed several exclusive shows for the upcoming winter and has been bit down cause of a less then expected earning report on Q4.
With 3 new competitors in the stream on demand market rising Netflix has been beaten around lately and dropped from 525, but this company despite poor management times is a very strong company and this stock is a bullish stock by all Parameters on the “street”.
in this idea i present the very strong support level of 470 (55$ drop from its avg high ) and netflix is just 10$ above it at the moment.
With a gap of over 4$ to fill and a FIB retracement of 50% i predict a rally from current number all the way to 515$ price targe by the end of Xmas .
we do all our analysis on Technical and Fundamental combined on something we call MCBa - market cycle based analysis .
Good luck and trade safe!!!
A very strong stock, signed several exclusive shows for the upcoming winter and has been bit down cause of a less then expected earning report on Q4.
With 3 new competitors in the stream on demand market rising Netflix has been beaten around lately and dropped from 525, but this company despite poor management times is a very strong company and this stock is a bullish stock by all Parameters on the “street”.
in this idea i present the very strong support level of 470 (55$ drop from its avg high ) and netflix is just 10$ above it at the moment.
With a gap of over 4$ to fill and a FIB retracement of 50% i predict a rally from current number all the way to 515$ price targe by the end of Xmas .
we do all our analysis on Technical and Fundamental combined on something we call MCBa - market cycle based analysis .
Good luck and trade safe!!!
Trade closed: target reached
510 was reached and since took a massive dive below 470. meaning we can take it again :)
We are the traders union! we unite to fight together and help each other - we are FREE!
the service is completely free ! join us in the struggle
Available free education on our site :
fdgtacademy.com/
the service is completely free ! join us in the struggle
Available free education on our site :
fdgtacademy.com/
Related publications
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.
We are the traders union! we unite to fight together and help each other - we are FREE!
the service is completely free ! join us in the struggle
Available free education on our site :
fdgtacademy.com/
the service is completely free ! join us in the struggle
Available free education on our site :
fdgtacademy.com/
Related publications
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.