Netflix and chillIm reading this chart with a wyckoff view and it looks to be a reaccumulative pattern reaching its end
About Netflix
Netflix, Inc operates as a streaming entertainment service company. The firm provides subscription service streaming movies and television episodes over the Internet and sending DVDs by mail. It operates through the following segments: Domestic Streaming, International Streaming and Domestic DVD. The Domestic Streaming segment derives revenues from monthly membership fees for services consisting of streaming content to its members in the United States. The International Streaming segment includes fees from members outside the United States. The Domestic DVD segment covers revenues from services consisting of DVD-by-mail. The company was founded by Marc Randolph and Wilmot Reed Hastings Jr. on August 29, 1997 and is headquartered in Los Gatos, CA.
Netflix - Trading the levels of Neflix With the first H ablove the 450 level price needs to see confidence for further upside and that situation looks likely
Buy Netflix stocks ASAPI can state that we may have a strong arrow move to the up in the next days if the current candle broke the upper pitchfork line with force
Bearish Based off my own analysis I think Netflix will come down to 38.2 fibs & continue up to retrace the bullish trendline or even continue in a bullish move instead.
Or it can do a deep pullback to 61.8 and then continue back in its bullish move.
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Bullish Netflix been in a strong bullish move since mid
March. Since people have been quarantining most are home watching tv. I see this stock going up more based off my technical and fundamental analysis. If you agree please like or comment your input.
NFLXwe see that the price has forcefully broken the 0.78 level we have to wait for it to retest the 0.78 line.
in general there is a probability of going to seek level 1.61.
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