$NFLX Trying to Break above Horizontal Resistance
The concept of polarity suggests that there will be resistance where there was support earlier last year on this weekly chart of Netflix.
The GoNoGo Trend indicator blends the foundational concepts of technical trend following to paint the price bar according to strength of trend. Currently we see that after rallying from the 2022 summer lows
NFLX is in a "Go" trend painting strong blue bars. GoNoGo Oscillator tells us that momentum is positive and so in the direction of the "Go" trend having recently found support at the objective zero level. We will watch to see if this gives price the push it needs to climb above the resistance we see on the chart and set a new high.
The GoNoGo Trend indicator blends the foundational concepts of technical trend following to paint the price bar according to strength of trend. Currently we see that after rallying from the 2022 summer lows
NFLX is in a "Go" trend painting strong blue bars. GoNoGo Oscillator tells us that momentum is positive and so in the direction of the "Go" trend having recently found support at the objective zero level. We will watch to see if this gives price the push it needs to climb above the resistance we see on the chart and set a new high.
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