Nov. 21 at 2:05 AM
$NFLX: The last close at
$105.71 indicates a bearish sentiment, with the RSI at 38.54 suggesting that the stock is nearing oversold territory. The current price is below both the 30-day MA of 113.75 and the 50-day MA of 116.28, reinforcing a downward trend. The 60-day high of 126.71 and low of 105.39 highlight a narrow trading range, with the price currently near the lower end, indicating potential for a bounce.
Directional Bias: Bearish, but with potential for short-term recovery given the proximity to the low.
Suggested Entry: Consider entering a long position around
$106.00 if the price shows signs of support.
Stop: Set a stop-loss at
$104.00 to manage risk.
Targets: First target at
$110.00 (near the 30-day MA), and a second target at
$113.00 (near the 50-day MA).
Monitor closely for RSI recovery and price action.
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