NETFLIX INC. Stock Code NFLX.NAS
Price broke above the cloud on 25 June 2021 and has managed to stay above the cloud and above its gap since the day of the breakout. The ability to stay above the gap support is a sign of a bullish price trend. Conversion line and Base line had a bullish crossover earlier and is hinting of a bullish price trend ahead. Lagging Span is above price of 26 days ago and is above the cloud as well, confirming the bullish price trend. MACD is bullish. Both of MACD’s lines are high above the zero line which is a hint of a strong bullish price trend. If price stay above the gap support at $519.90, it could be heading towards the previous resistance at $563.80 in the next 2-3 weeks ahead.
$563.80 Price Target
$519.70 Risk Management Stop
2 weeks Trade Duration