Netflix is currently trading near a major confluence support zone, defined by
Long-term ascending trendline support
Horizontal demand zone near $70–75
The stock previously rejected at $130 and is undergoing a healthy correction.
A sustained hold above current levels would support a continuation toward $100 and eventually retest of highs.
A breakdown below $70 would invalidate the bullish structure and introduce downside risk
Long-term ascending trendline support
Horizontal demand zone near $70–75
The stock previously rejected at $130 and is undergoing a healthy correction.
A sustained hold above current levels would support a continuation toward $100 and eventually retest of highs.
A breakdown below $70 would invalidate the bullish structure and introduce downside risk
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.