Netflix: Bringing It on Stream

2023-04-06

Netflix: Bringing It on Stream

$Netflix(NFLX)$ has brought wave b in magenta on stream quite commendably and has already touched at the gray zone between $343. 40 and $359.13. Thus, wave b in magenta could be finished by now, although the share could just as well use the remaining room in the upper part of the gray zone to place the corresponding high. As soon as this is done, the course should turn and head for the turquoise zone between $271.07 and $209.09 to develop wave B in turquoise. Afterward, Netflix should tackle the resistance at $379.43, which should then be conquered by wave C in turquoise. However, we should still keep in mind the 35% chance that the stock could break through the turquoise zone and drop below the support at $162.75.

Source: tradingview

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Comments

RickSanchez
2023-04-08
RickSanchez
NETFLIX! BUY! -Jim Cramer
Asphen
2023-04-08
Asphen
Good one. a tough one to trade.
icycrystal
2023-04-09
icycrystal
thanks for sharing
meurasian77
2023-04-08
meurasian77
thanks for sharing
ramius75
2023-04-09
ramius75
👌
Nongren
2023-04-09
Nongren
o

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Thus, wave b in magenta could be finished by now, although the share could just as well use the remaining room in the upper part of the gray zone to place the corresponding high. As soon as this is done, the course should turn and head for the turquoise zone between $271.07 and $209.09 to develop wave B in turquoise. Afterward, Netflix should tackle the resistance at $379.43, which should then be conquered by wave C in turquoise. However, we should still keep in mind the 35% chance that the stock could break through the turquoise zone and drop below the support at $162.75.Source: tradingview</body></html>","htmlText":"<html><head></head><body><h2 style=\"text-align: center;\">Netflix: Bringing It on Stream</h2><img src=\"https://community-static.tradeup.com/news/7cb04d0591032d4b7da4092faa3ba437\" tg-width=\"2952\" tg-height=\"1196\"> <a data-mention-id=\"NFLX\" class=\"teditor-mention\" data-mention-name=\"Netflix\" href=\"https://ttm.financial/S/NFLX\">$Netflix(NFLX)$</a> has brought wave b in magenta on stream quite commendably and has already touched at the gray zone between $343. 40 and $359.13. Thus, wave b in magenta could be finished by now, although the share could just as well use the remaining room in the upper part of the gray zone to place the corresponding high. 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Afterward, Netflix should tackle the resistance at $379.43, which should then be conquered by wave C in turquoise. However, we should still keep in mind the 35% chance that the stock could break through the turquoise zone and drop below the support at $162.75. 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