NFLX is nearing a breakout
NFLX is getting ready to breakout again after a brief consolidation over the past week. I’m seeing the breakout level at around 125.50 on a break above the descending trend line on the chart above. Support can be seen around 121.75 also drawn on the chart above. This support level corresponds with recent lows as well as the 10ema.
After gapping up on earnings in mid-October, NFLX has spent the past 2 months consolidating. It pulled all the way back to the 50dma in mid-November and has since rallied off this level.
An early entry point was highlighted in the beginning of December when NFLX bounced off the 50dma the 2nd time.
After gapping up on earnings in mid-October, NFLX has spent the past 2 months consolidating. It pulled all the way back to the 50dma in mid-November and has since rallied off this level.
An early entry point was highlighted in the beginning of December when NFLX bounced off the 50dma the 2nd time.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.