Thursday, September 23, 2021

Netflix Does it Again: Heads Up for the 4th Straight Day

The Hourly View for Netflix

  • At the time of this writing, NFLX’s price is up $2.24 (0.43%) from the hour prior.
  • Netflix has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls.
  • As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe.
  • The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Netflix’s hourly price chart is shown below.

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The Daily View for Netflix

Below is a daily price chart of Netflix.

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Featured Netflix Idea From TradingView

Below is a trading comment entitled Netflix Investment Outlook you may find interesting:

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Assets move in 5 and 3’s (Elliot wave simplified). From the macro view, it appears that we are in our 4th wave, and we have 1 more wave up to go. The leg of our bull pennant at minimum gives us a target of $681, which is confluent with the 1.146 fib. If the stock market melts up and Netflix impulses, the Pri…

— KingAsh123

Netflix Does it Again: Heads Up for the 4th Straight Day

Tags: Netflix Stock
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