NFLX - Netflix Inc (Extended Hours) - 4h - CAPITAL.COMAnalysis and Forecast:
Trend Analysis:
The chart shows an upward trend within a channel.
The price has recently pulled back to the channel's support line.
Entry and Exit Levels:
Long Entry (Buy): If the price holds above the support around $634.34, a buy entry can be considered.
Target: $701.47
Stop-Loss: $596.73
Supports and Resistances:
Important support at $634.34.
Nearby resistance at $701.47.
Indicators:
Oscillator, RSI, and Stochastic indicate that the price is in a possible bullish reversal zone.
Considerations:
Long (Buy): If the price holds above $634.34, the expectation is for the continuation of the upward trend.
Short (Sell): If the price falls below $634.34, a sell entry can be considered, targeting lower supports.
Disclaimer:
This analysis does not constitute financial advice. Do your own research before investing.