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Netflix, Inc.
Long

NFLX: We are headed to the mid-400s

By TNasr
Dear all, with regards to context if you don't understand the concept of Elliot Wave theory please take a few minutes to study it or my analysis will not be clear. I believe we are in the final wave of a bullish 5 wave structure in NFLX which started back in Dec. 17. I have not displayed the beginning of the wave count because there is more important recent information I've highlighted within the chart. So long as the recent low of 310.93 holds trend based Fibonacci levels on the chart and a verbal message pegged in b/w them show a conclusion of the rally in the mid 400s. As of writing MACD is fine and On Balance Volume shows there is steadily increasing buying interest.

Thanks for reading, questions and criticisms welcome
Chart PatternselliottwaveprojectionFibonacci ProjectionnflxlongTrend AnalysisWave Analysis
TNasr

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