Hello everyone,
Since the beginning of November, I've taken a position on buying Netflix stock, and there are several reasons for that. First, there's the breakout of the bearish channel that persisted for weeks. Second, the volume indicates the momentum of buyers, potentially pushing the market to the red line of Pitchfork levels.
It's evident that these levels are respected by the market, so there's a high probability that it could continue rising until it reaches this red line (around $500) for long-term investment (a few weeks).
I hope you find my analysis beneficial, and don't forget to hit the like and follow buttons for more ideas.
Since the beginning of November, I've taken a position on buying Netflix stock, and there are several reasons for that. First, there's the breakout of the bearish channel that persisted for weeks. Second, the volume indicates the momentum of buyers, potentially pushing the market to the red line of Pitchfork levels.
It's evident that these levels are respected by the market, so there's a high probability that it could continue rising until it reaches this red line (around $500) for long-term investment (a few weeks).
I hope you find my analysis beneficial, and don't forget to hit the like and follow buttons for more ideas.