Technical Analysis – Netflix (NFLX) 1D Chart
Netflix (NFLX) is currently trading at $918.00, up 3.13% for the session.
- Support Level: Around $864.20, providing a strong demand zone.
- Resistance Level: Near $972.32, where selling pressure may emerge.
- Gap Formation: A price gap exists between support and resistance, indicating previous volatility.
If the price holds above support, a retest of resistance is possible. However, failure to sustain above support could lead to further downside. A breakout above resistance may trigger a bullish continuation.
Key Levels to Watch:
- Breakout above $972.32 for bullish momentum.
- Breakdown below $864.20 for potential downside risk.
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Netflix (NFLX) is currently trading at $918.00, up 3.13% for the session.
- Support Level: Around $864.20, providing a strong demand zone.
- Resistance Level: Near $972.32, where selling pressure may emerge.
- Gap Formation: A price gap exists between support and resistance, indicating previous volatility.
If the price holds above support, a retest of resistance is possible. However, failure to sustain above support could lead to further downside. A breakout above resistance may trigger a bullish continuation.
Key Levels to Watch:
- Breakout above $972.32 for bullish momentum.
- Breakdown below $864.20 for potential downside risk.
Don't forget to hit the like button & share your thoughts in comment section.
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