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Myantman101
Jan 4, 2022 10:33 AM

NFLX Ending Week Above $600 Long

Netflix, Inc.NASDAQ

Description

Based on these technical indicators, I see Netflix ending the week above $600 per share. MACD shows growing bullish divergence while D+ also shows growing bullish divergence as indicated by the green shadow. The green outline means that is below 40 RSI. Guth 3x Confirm also indicates a buy signal. It has been a volatile market but I personally believe it is a good time to increase your position ahead of earnings. As an options swing trader I plan on buying OTM calls that will expire this week.
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