Netflix on the Rise Bullish Breakout in Motion!
Trendline Support
The price is respecting an ascending trendline, indicating a strong bullish sentiment.
Recent candles have bounced off this support line, confirming its reliability.
Breakout Confirmation
The price has broken above a key horizontal resistance level around $870.
This breakout suggests bullish continuation, especially with volume support.
Risk-to-Reward Setup
A well-defined risk-to-reward ratio is visible.
Stop-loss appears to be placed below $853, protecting against a false breakout.
Target set around $939 aligns with a significant resistance zone, offering a potential reward.
Indicators
Positive price momentum is evident, with higher highs and higher lows forming.
Likely supported by broader market strength in tech stocks.
Next Steps
Monitor the price action for sustained movement above $870.
A retracement to retest the breakout level could provide a secondary entry.
Key resistance to watch: $900 and $939.
NFLX is poised for a bullish continuation, with the current setup offering a high-probability trade opportunity.
The price is respecting an ascending trendline, indicating a strong bullish sentiment.
Recent candles have bounced off this support line, confirming its reliability.
Breakout Confirmation
The price has broken above a key horizontal resistance level around $870.
This breakout suggests bullish continuation, especially with volume support.
Risk-to-Reward Setup
A well-defined risk-to-reward ratio is visible.
Stop-loss appears to be placed below $853, protecting against a false breakout.
Target set around $939 aligns with a significant resistance zone, offering a potential reward.
Indicators
Positive price momentum is evident, with higher highs and higher lows forming.
Likely supported by broader market strength in tech stocks.
Next Steps
Monitor the price action for sustained movement above $870.
A retracement to retest the breakout level could provide a secondary entry.
Key resistance to watch: $900 and $939.
NFLX is poised for a bullish continuation, with the current setup offering a high-probability trade opportunity.
Trade fermée: cible de profit atteinte
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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.