Netflix - Please Buy This All Time High!

28 lis

Netflix (NFLX) will retest the resistance trendline:



Click chart above to see the detailed analysis👆🏻

Netflix is currently perfectly breaking above the previous all time high and with a +16% candle of November, bulls are totally in control of this stock. If we look at previous cycles, there is a 100% chance that Netflix will now retest the upper resistance trendline of the reverse triangle.

Levels to watch: $1.200

Keep your long term vision,
Philip (BasicTrading)

9 gru

Zlecenie aktywne

Trading update on Netflix (NFLX):



Click chart above to see the detailed analysis👆🏻

Despite the breakout rally of more than +40% so far, Netflix is still not slowing down and creating new all time highs basically every single day. It always seems to be counterintuitive to buy new all time highs, but Netflix still has another +25% before it will eventually retest the upper triangle resistance trendline.

Levels to watch: $1.200

Keep your long term vision,
Philip (BasicTrading)