😍 REVIEWS News – Paris/France.
After the violent crash following the weak results of the quarterly figures of April, the action Netflix is silent for the moment. After a months-long consolidation phase, it finally started to rebound and has since risen nearly 50%. It could go on like this.
Since mid-July, Netflix shares have started again. After consolidating between May and July, it rebounded from the Q50 numbers and broke through the 184,33-day moving average hurdle at $50. During the 100% rally, it also works its way above the GD236,09 at $175, clearing the heavily traded $230-$245 zone and now standing just at the top of volume at $XNUMX.
After the stock unsuccessfully attempted to enter the huge gap between $248,70 and $333,22 last week, another may now follow. The intensity of the uptrend is still high, so there is a good chance that the rebound will continue. From a technical point of view, there would then be a good chance that this gap would be completely closed. If the stock breaks its teeth again at this hurdle, the price should again enter a consolidation in the GD50 and GD100 area.
Chart from tradingview.com
Netflix in dollars
If Netflix stock jumps above the lower edge of the gap, it would add further momentum to the rally. Invested stay on board. Newcomers wait for the buy signal.
Profits are always possible – it just depends on the right time to enter and the right strategy. The technique of the chart can provide well-founded indications for the optimal entry. Technical analyst Timo Nützel publishes a new issue of "Charttechniker" several times a week. By subscribing to our free newsletter, you will be informed immediately when the new report with the next recommendation is available. Register here now.
SOURCE: Reviews News
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