Technical Analysis on Netflix Inc. (NFLX)
Wednesday, November 30th, 2022
In this Wicked Stocks video analysis, we show an update on Netflix Inc. (NFLX) from our September 1st, 2022 video. (NFLX) is presently approaching meaningful resistance able to absorb buying through Q1. From here, (NFLX) is susceptible to falling back to the recent lows. A settlement below near-term channel support would ignite this potential selloff. Inversely, if a settlement above resistance occurs, (NFLX) enters into a buy-signal where gains as much as ~100% could be anticipated by the end of 2023.
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