Netflix Booming Through Lockdown!
With the global lockdown in place, many companies have seen huge growth and one of them
is Netflix. This is understanding as many people are confined to their homes and looking for
ways to keep the family entertained.
Netflix started to see its share price rise fast back in April this year but failed to break out of
the two year period of consolidation in April and May. So far this month, price is trading outside
of the consolidation zone but we will have to wait until the end of the month to see if price can
close outside of the consolidation zone. This will be important because it will indicate further bullish moves.
The current all-time high was set last month at $458 so we want to see price clear this level and continue
to create new all-time highs. Once Netflix sets up for a high probability opportunity, we will share
this opportunity in our free community.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
is Netflix. This is understanding as many people are confined to their homes and looking for
ways to keep the family entertained.
Netflix started to see its share price rise fast back in April this year but failed to break out of
the two year period of consolidation in April and May. So far this month, price is trading outside
of the consolidation zone but we will have to wait until the end of the month to see if price can
close outside of the consolidation zone. This will be important because it will indicate further bullish moves.
The current all-time high was set last month at $458 so we want to see price clear this level and continue
to create new all-time highs. Once Netflix sets up for a high probability opportunity, we will share
this opportunity in our free community.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
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