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.
The Daily View for Netflix
Below is a daily price chart of Netflix.
Featured Netflix Idea From TradingView
Below is a trading comment entitled Netflix Investment Outlook you may find interesting:
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…