NETFLIX historic pattern targets $1500 in 2025.Last time we looked at Netflix (NFLX) was on its earnings release (October 21, see chart below), when we gave a strong bullish signal that easily hit our $840.00 Target:
Since 3 week ago, the price even broke above the dominant 1-year Channel Up and is now in search of a new pattern. This pattern can be found if we zoom out considerably on the 1W time-frame, where the underlying pattern since the U.S. Housing Crisis is a 25-year Channel Up.
The symmetry within this pattern is high and in fact since the June 2022 market bottom (which was a Higher Low on the Channel Up), the stock has been on a Bull Cycle. The Bear Cycle that preceded it had a massive decline of -77%. The last correction of this magnitude was the July 2011 - August 2012 Bear Cycle, which declined by -83%.
The two Bull Cycles that followed Netflix's golden years were identical (+825% and +847%). As a result, we assume that the current Bull Cycle will also rise by at least +825% from its bottom, which gives us a $1500 Target towards the end of 2025.
Notice also how both the 2012 - 2014 and 2022 - 2024 Bull Cycles had a 1W Golden Cross.
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