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vf_investment
Mar 6, 2024 3:28 PM

Netflix short Short

Netflix, Inc.NASDAQ

Description

hi Traders,

The price has been in the uptrend since June 2022. The price has formed a bearish divergence, however we are expecting that the price will go a bit higher to retest ATH from 2021. This level should be acting as a strong resistance therefore it could be a good entry for a short position.
The stop loss should be placed above the resistance.

Our target is at the fib level 0.236

Good luck
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