NFLX ~ Snapshot TA (Daily / Nov 2023)

NFLX chart mapping/analysis.

Bullish recovery back into ascending parallel channel (green).

Bull target(s)

• Breakout descending parallel channel (white) + descending trend-line confluence resistance
  
• Overhead gap fills (~470 / ~506.93 / ~566.88)
  
• Golden Pocket Fib + gap fill (~506.93) confluence resistance zone
  

Bear target(s)

• Underlying gap fills (~412.52 / ~354.79 / ~341.38)
  
• Ascending trend-line support (light blue dotted)
  
• 38.2% Fib
  
• 23.6% Fib
  

Commentaire:

Note: TradingView chart was dividend adjusted (ADJ) when mapped.

Commentaire:

NFLX strong bullish momentum into ~480 overhead supply zone.

Could see consolidation before EOY surge towards Golden Pocket Fib/~500 psychological level, otherwise sellers retake control & stage a bearish mean reversion, TBC.