"Netflix Inc. overtook Walt Disney Co. in market value for the first time since last year after the amusement park owner's earnings stoked concerns about slowing subscriber growth in its streaming business." (1)
Right now, Netflix is in the Top 5 list of producers of original television and movies. After titles such as Squid Game, Stranger Things, and more, we saw a great pump in Netflix's value.
As NASDAQ announced, the ATH for Netflix is at $690.31, our most substantial resistance level.
NASDAQ is also showing Strong Buy Volumes for Netflix, which shows solid support for its value.
My research showed that Netflix has the potential to reach the $1000 levels (or close to that area), so it's safe to say that we have the chance to break this resistance after a few retests.
Use this chart as your trade setup for now; I'll keep it updated.
Current Market Price: $682.61
Let me know your ideas.
Good luck.
Citation:
(1) "Netflix Is Closing In on Disney Again In Terms of Market Value."
finance.yahoo.com/ne...terms-113415167.html
Right now, Netflix is in the Top 5 list of producers of original television and movies. After titles such as Squid Game, Stranger Things, and more, we saw a great pump in Netflix's value.
As NASDAQ announced, the ATH for Netflix is at $690.31, our most substantial resistance level.
NASDAQ is also showing Strong Buy Volumes for Netflix, which shows solid support for its value.
My research showed that Netflix has the potential to reach the $1000 levels (or close to that area), so it's safe to say that we have the chance to break this resistance after a few retests.
Use this chart as your trade setup for now; I'll keep it updated.
Current Market Price: $682.61
Let me know your ideas.
Good luck.
Citation:
(1) "Netflix Is Closing In on Disney Again In Terms of Market Value."
finance.yahoo.com/ne...terms-113415167.html
