NFLX LONG

22 בספט׳ 2021

Bullish trend of Netflix, started in April 2020, seems to continue after the breakout of the channel formed in the last months. RSI shows us that is not overbought or oversold and ADX is above 40 indicating a very strong trend. Entry price would be close to previous support formed after breakout. Moreover, support coincides with 50 % Fibonacci suggesting a probably inversion of retracement formed in these days.

BUY ENTRY: $ 566.84

TAKE PROFIT: $ 614.21
TAKE PROFIT 2: $ 668.84

STOP LOSS $ 539.91
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NOT FINANCIAL ADVICE