Netflix, Inc.Long
NFLX Long
If you take a look at a weekly chart of NETFLIX (NYSE:NFLX) you will see a recurring pattern, the stock has a tendency to consolidate for approximately an year and then give parabolic moves to the upside. I have marked all such parabolic moves on the weekly chart.
We have already broken out of the resistance of the consolidation and I believe we will see levels exceeding $1000 in less than a year's time.
Buy in and sit tight.
We have already broken out of the resistance of the consolidation and I believe we will see levels exceeding $1000 in less than a year's time.
Buy in and sit tight.
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