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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7 years in the financial markets! Join my Telegram for exclusive insights.
Telegram Link: t.me/charts_M7M
Telegram Link: t.me/charts_M7M
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.