Scenario Timeframe Weekly Recommendation SELL STOP Entry Point 396.00 Take Profit 368.00 Stop Loss 410.00 Key Levels 368.00, 410.00, 412.00, 440.00
Alternative scenario Recommendation BUY STOP Entry Point 412.00 Take Profit 440.00 Stop Loss 400.00 Key Levels 368.00, 403.00, 412.00, 490.00
Shares of Netflix Inc., an American entertainment company and movie and series streaming service, are trending correctively at 403.00.
On the daily chart, the price continues its corrective dynamics within the global ascending corridor with dynamic boundaries of 368.00–490.00, falling toward the support line.
On the four-hour chart, it can be seen that the potential for a downward movement has increased sharply after the start of the Head and shoulders reversal pattern with the Neckline at 412.00. The pattern implementation level is at 368.00, and now there is almost no doubt that it will be reached.
Technical indicators turned to the downside: fast EMAs on the Alligator indicator began to move away from the signal line actively, and the AO histogram is forming new downward bars, falling in the sell zone.
Trading tips
Short positions may be opened after the price drops and consolidates below 396.00 with the target at 368.00. Stop loss — 410.00. Implementation period: 7 days or more.
Long positions may be opened after the price rises and consolidates above 412.00 with the target at 440.00. Stop loss — 400.00.
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | SELL STOP |
| Entry Point | 396.00 |
| Take Profit | 368.00 |
| Stop Loss | 410.00 |
| Key Levels | 368.00, 410.00, 412.00, 440.00 |
| Alternative scenario | |
|---|---|
| Recommendation | BUY STOP |
| Entry Point | 412.00 |
| Take Profit | 440.00 |
| Stop Loss | 400.00 |
| Key Levels | 368.00, 403.00, 412.00, 490.00 |
Shares of Netflix Inc., an American entertainment company and movie and series streaming service, are trending correctively at 403.00.
On the daily chart, the price continues its corrective dynamics within the global ascending corridor with dynamic boundaries of 368.00–490.00, falling toward the support line.
On the four-hour chart, it can be seen that the potential for a downward movement has increased sharply after the start of the Head and shoulders reversal pattern with the Neckline at 412.00. The pattern implementation level is at 368.00, and now there is almost no doubt that it will be reached.
Technical indicators turned to the downside: fast EMAs on the Alligator indicator began to move away from the signal line actively, and the AO histogram is forming new downward bars, falling in the sell zone.
Trading tips
Short positions may be opened after the price drops and consolidates below 396.00 with the target at 368.00. Stop loss — 410.00. Implementation period: 7 days or more.
Long positions may be opened after the price rises and consolidates above 412.00 with the target at 440.00. Stop loss — 400.00.
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