NFLX has held that ascending support since September 20, 2021. That's a perfect month. Now since it held that so well and the supply zone forming at the top currently seems to be pinching the price into an ascending triangle (3hr chart), I think the odds are in our favor here from a price POV that NFLX is a great buy rn. RSI also seems to be in the fair zone which is good. However, since we're on the topic of indicators, RSI & MACD are showing a slight bearish divergence which is something to look out for. I don't believe this is a very important factor right now since it's more of a pinch than a clean drop. ALSO!
From a fundamental standpoint,
NFLX has raked in millions because of Squid Games, the show loved by all (except me, I haven't watched it). The show is said to have grown from a value of $2M to $900M in a month. Netflix has been seeing more new subscriptions and increased revenue due to the fact that they increased their subscription rate (because the CEO probably needed a bigger bonus to afford his new private island). OVERALL I am quite bullish on
NFLX and I am personally purchasing shares and calls, as well!Hope you gained some insight and value from my analysis.
Have a great day everyone!
Stefan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.