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Wyckoff Logic

Panjang
NASDAQ:NFLX   Netflix, Inc.
Netflix
Perspective with long probability!

We determined the equilibrium sequence between demand and initial supply with supply area quota 422 USD & demand zone quota 225 USD
On April 16, 2020, the price action exceeds the initial control area of the offer on the 422 USD quota with sustained effort from the buyers.
On July 13, 2020, it reached a maximum of 573 USD.
After this climatic point of purchase, the price action enters an intermediate sequence of balance between supply and demand.
Possibly a re-accumulation with the implication of buy.

If this hypothesis is confirmed we have 3 exit points with odds on
TP1 635 USD
TP2 827 USD
TP3 1019 USD

Penafian

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