$NFLX next target $148

25 nov 2022NFLX just rejected resistance in the $300 for the second time and has fallen back below. It looks like price has formed a rising wedge of sorts and upon a breakout fo the structure, would see a breakdown to the $250 range.

However, I don't think that will be the low as price has never tested that $250 support. I think it's likely that we'll break that support area and take out the previous lows ~170ish before bottoming in the $148 region. Let's see how it plays out.

28 nov 2022

Commento

There's also a chance, that it could blow through $148 and bottom at $104. Let's see what happens when price breaks $250 first.

29 nov 2022

Commento

Breaking down from the structure now.