Netflix: Trend Reversal Signal and New Buy Opportunity
The price reached 340.00 resistance level. We have a trend reversal based on a bearish divergence. I don't think we will see a new bearish trend, but a correction movement will be possible and logical. In order to get confirmation that the market is going to move downward, the price will have to break the local uptrend line.
If we talk about new buy opportunities, I would like to wait for a reversal signal from SMA100, SMA200, and the main uptrend line. The market looks bullish in the long run, and we should focus on how to join the uptrend in the right zone.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
If we talk about new buy opportunities, I would like to wait for a reversal signal from SMA100, SMA200, and the main uptrend line. The market looks bullish in the long run, and we should focus on how to join the uptrend in the right zone.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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