NFLX ~ Snapshot TA (Daily / Nov 2023)

BlueHatInvestor Updated   
BATS:NFLX   Netflix, Inc.
NFLX chart mapping/analysis.

Bullish recovery back into ascending parallel channel (green).

Bull target(s)
  • Breakout descending parallel channel (white) + descending trend-line confluence resistance
  • Overhead gap fills (~470 / ~506.93 / ~566.88)
  • Golden Pocket Fib + gap fill (~506.93) confluence resistance zone
Bear target(s)
  • Underlying gap fills (~412.52 / ~354.79 / ~341.38)
  • Ascending trend-line support (light blue dotted)
  • 38.2% Fib
  • 23.6% Fib
Note: TradingView chart was dividend adjusted (ADJ) when mapped.
NFLX strong bullish momentum into ~480 overhead supply zone.

Could see consolidation before EOY surge towards Golden Pocket Fib/~500 psychological level, otherwise sellers retake control & stage a bearish mean reversion, TBC.


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