As we said in our last analysis of Netflix stock price , Netflix’s stock is showing good performance for long terms investment.
Actually if the stock could break the resistance Max M2, we could see a growth to the resistance Max M2.
However if the stock breaks the support down, we could see a decreasing trend.
As predicted on our last analysis of the Netflix action, the price made a downward trend, and rebound on the support.
therefore, We expect it to be increasing to reach the max M1.
However, we can expect also that the stock enters a zone of equilibrium.
Netflix has broken above a wedge!
Currently sitting on top of a fib line
50MA can be seen to be rising
Looks good from TA perspective, however current market situation and economy is quite poor, with the coronavirus affecting the US.
Netflix is a great brand and has a great social standing