NFLX: Bearish Momentum as Price Tests Support Levels
🔥 LucanInvestor's Strategy:
🩸 Short: Below $863.09, targeting $820 and $780. The MACD is deeply bearish, and the price trading under the 9-day EMA strengthens the downside scenario.
🩸 Long: Above $880, aiming for $899 and $920. Bullish recovery requires a strong volume-driven breakout above the 9-day EMA.
🔥 LucanInvestor's Commands:
🩸 Resistance: $863.09 — The 9-day EMA level acting as immediate resistance. Breaking this is critical for upside potential.
🩸 Support: $831.57 — The nearest support; failure to hold may lead to further selling toward lower targets.
Netflix (NFLX) has entered a bearish trend, with MACD showing significant negative momentum and the price firmly below the 9-day EMA. Despite long-term strength above the 200-day EMA ($727.96), short-term pressure dominates, suggesting cautious positioning.
👑 "In the storm of uncertainty, precision becomes your greatest weapon." — LucanInvestor
🩸 Short: Below $863.09, targeting $820 and $780. The MACD is deeply bearish, and the price trading under the 9-day EMA strengthens the downside scenario.
🩸 Long: Above $880, aiming for $899 and $920. Bullish recovery requires a strong volume-driven breakout above the 9-day EMA.
🔥 LucanInvestor's Commands:
🩸 Resistance: $863.09 — The 9-day EMA level acting as immediate resistance. Breaking this is critical for upside potential.
🩸 Support: $831.57 — The nearest support; failure to hold may lead to further selling toward lower targets.
Netflix (NFLX) has entered a bearish trend, with MACD showing significant negative momentum and the price firmly below the 9-day EMA. Despite long-term strength above the 200-day EMA ($727.96), short-term pressure dominates, suggesting cautious positioning.
👑 "In the storm of uncertainty, precision becomes your greatest weapon." — LucanInvestor
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