NASDAQ:NFLX Reasons to buy: 1. Breakthrough moving average 50 exponential. 2. Breaking up of a descending local triangle. 3. Breakout from a 14-day trading consolidation. 4. The stock is near the up trend line. 5. A strong giant company that is 14% below its all-time high. 6. RSI14 around 50. Not in a state of overbought.
Next upside target I have is 525, followed by smallish pullback to 506 area, and then up to 541 (tradingview.com/chart/Xe3vCzxI)
AR-Investment
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@RBS2024, Nice!
My calculation for the first target is automatic around a ratio of 1.2 of the risk, a second target is set around resistance lines.
Good luck to both of us :)