About a year ago, in October 2023, NFLX stock hit a low of $345.87. The uptrend that startet then remains intact and has gained momentum since August this year. After surpassing its record high of $700.99 from November 2021 two months ago, the stock continued to climb and has recently stabilized above the $700 mark. While significant progress has already been made with the turquoise wave 3, we expect a further expansion beyond the $800 hurdle. In the subsequent wave 4, the $700 level should be tested again before the final leg of the larger wave (1) in magenta kicks in. Our alternative scenario (20%), however, anticipates a new low of the turquoise wave alt. 2 below the $345.87 mark.
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🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
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.
📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
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.