Summary:
Netflix (NFLX) maintains a broader bullish structure as long as price holds above the major key support at 32.65. Current retracement remains healthy within the Fibonacci levels, and buyers are still defending the mid-range supports.
Analysis:
Price is currently consolidating between the 0.5 Fib (85.28) and the 0.75 Fib (119.79) after a strong impulsive rally from the 32.65 base. The inability of bears to break below 32.65 confirms this zone as a long-term structural support. As long as price stays above this level, deeper bearish continuation remains unlikely.
A reclaim above 119.79 (0.75 Fib) would reopen the path toward 140.49 (0.9 Fib) and ultimately the major target at 154.29 (1.0 extension).
On the downside, a corrective pullback toward 71.48 (0.4 Fib) remains possible but does not invalidate the bullish macro trend unless 32.65 is broken.
Netflix (NFLX) maintains a broader bullish structure as long as price holds above the major key support at 32.65. Current retracement remains healthy within the Fibonacci levels, and buyers are still defending the mid-range supports.
Analysis:
Price is currently consolidating between the 0.5 Fib (85.28) and the 0.75 Fib (119.79) after a strong impulsive rally from the 32.65 base. The inability of bears to break below 32.65 confirms this zone as a long-term structural support. As long as price stays above this level, deeper bearish continuation remains unlikely.
A reclaim above 119.79 (0.75 Fib) would reopen the path toward 140.49 (0.9 Fib) and ultimately the major target at 154.29 (1.0 extension).
On the downside, a corrective pullback toward 71.48 (0.4 Fib) remains possible but does not invalidate the bullish macro trend unless 32.65 is broken.
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.