Netflix has recorded a new ATH
Updated
Netflix has recorded a new ATH.
Netflix (NFLX) has been a powerhouse, reaching new all-time highs. After hitting an ATH of around $700 on November 15, 2021, the stock experienced a significant decline, bottoming out at approximately $162 on May 11, 2022.
However, it has since rallied impressively, culminating in a fresh all-time high of around $710 today.
For those who entered the market during the downturn, this has been a remarkable opportunity. Congratulations are certainly in order.
Looking ahead, the $697 zone appears to be a strong resistance level, while $679 is likely to act as support.
Netflix (NFLX) has been a powerhouse, reaching new all-time highs. After hitting an ATH of around $700 on November 15, 2021, the stock experienced a significant decline, bottoming out at approximately $162 on May 11, 2022.
However, it has since rallied impressively, culminating in a fresh all-time high of around $710 today.
For those who entered the market during the downturn, this has been a remarkable opportunity. Congratulations are certainly in order.
Looking ahead, the $697 zone appears to be a strong resistance level, while $679 is likely to act as support.
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