NETFLIX INC.: WAVE ANALYSIS

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NETFLIX INC.: WAVE ANALYSIS
Scenario
TimeframeWeekly
RecommendationBUY
Entry Point605.71
Take Profit650.00, 700.00
Stop Loss590.96
Key Levels440.25, 501.20, 548.15, 650.00, 700.00
Alternative scenario
RecommendationSELL STOP
Entry Point548.10
Take Profit501.20, 440.25
Stop Loss563.75
Key Levels440.25, 501.20, 548.15, 650.00, 700.00

Growth is possible.

On the daily chart, a downward correction of the higher level ended as the wave B, and the upward wave C forms, within which the first wave (1) of C develops. Now, the fifth wave of the lower level 5 of (1) is forming, within which the wave iii of 5 develops. If the assumption is correct, the asset will grow to the area of 650.00–700.00. In this scenario, critical stop loss level is 548.15.

NETFLIX INC.: WAVE ANALYSIS

NETFLIX INC.: WAVE ANALYSIS

Main scenario

Long positions will become relevant above the level of 548.15 with the targets at 650.00–700.00. Implementation period: 7 days and more.

Alternative scenario

A breakout and the consolidation of the price below the level of 548.15 will let the price fall to the area of 501.20–440.25.


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