icheeezy

Netflix at support

Long
NASDAQ:NFLX   Netflix, Inc.
Netflix has been trading in a contracting range. Seems to be forming a wedge. We are currently at support and seem to be forming a double bottom which could signal a wedge breakout. Our first TP should be at the top of the wedge. If we do breakout our target would be around 103.

GL

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.