Netflix recently experienced a pullback, dropping to a significant demand zone around $820-$850, which has historically acted as strong support. This drop has attracted traders eager to capitalize on the current discounted price, anticipating a potential bullish rebound.
Looking at the chart:
1️⃣ Previous Earnings Reaction: The last earnings report sparked a 12% spike, showcasing Netflix’s potential for strong momentum following positive results.
2️⃣ Demand Zone Support: The stock is consolidating around this key level, indicating that buyers are stepping in to defend it.
3️⃣ Bullish Expectations: Traders are positioning themselves for the upcoming earnings report, expected on 01/21/2025 after market close, which could act as a major catalyst for upward movement.
If the earnings report meets or exceeds expectations, we could see Netflix rally toward all-time highs, with the first resistance zone around $940 and a longer-term target of $1,020.
Looking at the chart:
1️⃣ Previous Earnings Reaction: The last earnings report sparked a 12% spike, showcasing Netflix’s potential for strong momentum following positive results.
2️⃣ Demand Zone Support: The stock is consolidating around this key level, indicating that buyers are stepping in to defend it.
3️⃣ Bullish Expectations: Traders are positioning themselves for the upcoming earnings report, expected on 01/21/2025 after market close, which could act as a major catalyst for upward movement.
If the earnings report meets or exceeds expectations, we could see Netflix rally toward all-time highs, with the first resistance zone around $940 and a longer-term target of $1,020.
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Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
7 years in the financial markets! Join my Telegram for exclusive insights.
Telegram Link: t.me/charts_M7M
Telegram Link: t.me/charts_M7M
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.