Netflix Trading Analysis (31/07/2024)
The trend is up. The stock trades in the range between 365 and 135 ЕМА. The downward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold condition.
Trading idea:
- Buy when the formation of the ascending wave structure begins, when the wave A breaches the sloping channel of the downward truncated structure.
- Stop-loss at 616.50.
- Price targets at 646.00 and 686.50.
#netflix #stock #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor
