Netflix has shown that two key trend lines have significant importance, identified by the red (upper) and green (lower). Ideal buying opportunities can be identified when price trades near green, while below green can be considered a value buy. Netflix has repeatedly show that once price breaks Red, it will eventually test Green.
I've identified a distinct head and shoulders pattern, which has broken and retested the neckline. The projected drop of the H&S lines up perfectly with the lower range of the green trend line. I believe it is very likely we see price reach the teal box in the near future, which would present an opportunity for a reversal.
I've identified a distinct head and shoulders pattern, which has broken and retested the neckline. The projected drop of the H&S lines up perfectly with the lower range of the green trend line. I believe it is very likely we see price reach the teal box in the near future, which would present an opportunity for a reversal.
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wicked the buy box and now challenging the top of the channel.
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Price couldn't hold support, look for another test of the Green trendline, price will probably touch this time.
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Time to buy NFLX, looks like a bottom and coming off a weekly red 9 doji on the weekly chart.