Netflix Inc. (NFLX) presently approaching meaningful support, able to contain weekly perhaps monthly selling pressures.
From here, (NFLX) can continue higher to notable resistance, eliciting gains of 15% over the following 1 - 2 months, and gains of 20 - 30% over the following 6 - 8 months.
Inversely, closing below support on a weekly basis would put (NFLX) into a sell signal where losses of 20% would be expected over the following 2 - 3 months.
From here, (NFLX) can continue higher to notable resistance, eliciting gains of 15% over the following 1 - 2 months, and gains of 20 - 30% over the following 6 - 8 months.
Inversely, closing below support on a weekly basis would put (NFLX) into a sell signal where losses of 20% would be expected over the following 2 - 3 months.
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