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Trading Idea - Netflix Inc., 14-09-2023
Trading Signal: #S-NFLX
| Order | Buy |
| Direction | Range Bound |
| Pattern | Trading in a range |
| Interval | 4 hours |
| Length (Candles) | 8 |
Idea Summary
The medium term Netflix Corporation stock price forecast is bullish. The NFLX stock price is retracing down to test the lower bound of a trading channel. Most likely the price will reverse and start rising to test Fibonacci 23.6 level while there is small likelihood it may continue falling and breach below support.
Note:
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