Antony_NPBFX
Active Member
- Messages
- 1,243
- Joined
- Aug 2, 2016
- Messages
- 1,243
- Reaction score
- 8
- Points
- 35
Netflix Inc.: technical analysis 06.03.2023
Good afternoon, dear forum visitors!
NPBFX offers the latest release of analytics on Netflix Inc. for a better understanding of the current market situation and more efficient trading.
The shares of Netflix Inc., an American entertainment company and movie and series streaming service, are trading at 315.00.
On the daily chart, the price continues its corrective dynamics within the global ascending corridor with dynamic boundaries of 312.00–400.00, having reached its support line.
On the four-hour chart, it is clear that the downside potential remains high, and the global channel support line at 312.00 could be passed this week. The key "bullish" level is the local high of last week around 326.00, consolidation above which will allow the asset to start growing.
Technical indicators are in a sell state: fast EMAs on the Alligator indicator are moving away from the signal line, expanding the range of fluctuations, and the AO histogram is forming downward bars in the sell zone.
Trading tips
Short positions may be opened after the price drops and consolidates below 300.00 with the target at 273.00. Stop loss – 310.00. Implementation period: 7 days or more.
Long positions may be opened after the price rises and consolidates above 326.00 with the target at 350.00. Stop loss — 320.00.
Use more opportunities of the NPBFX analytical portal: weekly FOREX forecast
You can learn more about the current situation and get acquainted with the weekly analytical forecast in the "Video reviews" section on the NPBFX portal. Weekly video reviews contain trends, key levels, trading recommendations for such popular instruments as GBP/USD, EUR/USD, USD/CHF, AUD/USD. In order to get free and unlimited access to video forecast and other useful instruments on the portal, you need to register on the NPBFX website.
If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.
Use the current recommendations of analysts on Netflix Inc. and trade efficiently with NPBFX.
Good afternoon, dear forum visitors!
NPBFX offers the latest release of analytics on Netflix Inc. for a better understanding of the current market situation and more efficient trading.
The shares of Netflix Inc., an American entertainment company and movie and series streaming service, are trading at 315.00.
On the daily chart, the price continues its corrective dynamics within the global ascending corridor with dynamic boundaries of 312.00–400.00, having reached its support line.
On the four-hour chart, it is clear that the downside potential remains high, and the global channel support line at 312.00 could be passed this week. The key "bullish" level is the local high of last week around 326.00, consolidation above which will allow the asset to start growing.
Technical indicators are in a sell state: fast EMAs on the Alligator indicator are moving away from the signal line, expanding the range of fluctuations, and the AO histogram is forming downward bars in the sell zone.
Trading tips
Short positions may be opened after the price drops and consolidates below 300.00 with the target at 273.00. Stop loss – 310.00. Implementation period: 7 days or more.
Long positions may be opened after the price rises and consolidates above 326.00 with the target at 350.00. Stop loss — 320.00.
Use more opportunities of the NPBFX analytical portal: weekly FOREX forecast
You can learn more about the current situation and get acquainted with the weekly analytical forecast in the "Video reviews" section on the NPBFX portal. Weekly video reviews contain trends, key levels, trading recommendations for such popular instruments as GBP/USD, EUR/USD, USD/CHF, AUD/USD. In order to get free and unlimited access to video forecast and other useful instruments on the portal, you need to register on the NPBFX website.
If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.
Use the current recommendations of analysts on Netflix Inc. and trade efficiently with NPBFX.