Nov. 15 at 7:53 AM
$NFLX: The current market context shows a last close of
$1112.17, which is above the 60D low of
$1073.37 but significantly below the 60D high of
$1267.1. The RSI of 54.64 indicates a neutral to slightly bullish momentum, suggesting potential for upward movement. However, both the 30-day MA (1150.76) and the 50-day MA (1173.95) are above the current price, indicating resistance levels that may need to be overcome.
Directional bias is cautiously bullish, as the price is stabilizing above recent lows, but the proximity to moving averages suggests careful monitoring.
Suggested entry:
$1115, just above the last close to confirm bullish sentiment.
Stop loss:
$1085, below recent support.
Targets:
$1150 (near the 30-day MA) and
$1180 (near the 50-day MA).
This plan aims to capitalize on potential upward movement while managing risk effectively.
https://privateprofiteers.com
