$Netflix (NFLX.US)$ Netflix is in the uptrend and currently,...
$Netflix(NFLX.US$ Netflix is in the uptrend and currently, price has been pushed to the upside, after touching the ascending trend line and also the first support zone (S1).
On the other hand, the last 4H candle has been closed a little lower, below the trend line .
We still don’t know if this is a fake breakout or not… we should wait for the current 4H candle to see if it will be closed below the last candle and also below S1 or it will be closed above them.
If price closes a bearish candle below S1, we can expect more downside move and retrace around the second support zone (S2) which is around $615.
If price could close a bullish candle above S1, we can expect a rise towards the last high which is $690, and in the case of an upside breakout on that level, the next target would be $740
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rvsESOg2h3 : When I saw people investing in the sister spacs of Trump spac DWAC, is this for real? Just because the Trump spac shot up people are investing in the sister spacs? These fools deserve to lose their money.
Kennyhot : Bought my calls, where's yours?
Vais Bargoroth : Nice one - think we'll probably see you first scenario play out.
TK soar : Bearish divergence on daily RSI
Puppy li : Good idea, agree!
Mars shu : Damet garm
muchtime : It's going to retrace back up to form a lower high followed by lower low to complete the ABC retracement before continuing higher.
Mikalov1 : Great analysis, I will be keeping an eye on Netflix for a potential long.
Spared : There’s usually a wick on the TL. We dont see that this time. I think bearish
cooldart61 : Looks like a winner
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