Netflix is in an intact upward trend and experienced a clear trend push towards an all-time high after the latest earnings. The previous correction appears to be over: Higher highs and a clear trend reversal out of the correction were already evident in after-hours trading.
The downward trend channel has been exited and the last correction highs have been overcome - a strong technical signal.
If this development is confirmed in regular trading, a return to the all-time high can be expected. Consolidation or minor setbacks are conceivable before the overall trend continues to new highs.
The downward trend channel has been exited and the last correction highs have been overcome - a strong technical signal.
If this development is confirmed in regular trading, a return to the all-time high can be expected. Consolidation or minor setbacks are conceivable before the overall trend continues to new highs.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.