#NFLX had a great run until the summer of 2025 but has struggled since then. I'm sure there's many reasons for that - the concerns about the Warner Bros acquisition will undoubtedly be one of them. However from a technical standpoint the price has continued to make lower lows as it retreated from $132.
We know find ourself closing last week beneath the Weekly 50MA, which it hasn't done for approx 2 years. Is this an area for a bounce? There's been lots of positive news about the release of the final series of Stranger Things (I haven't watched it - but then I don't need to as I have a 14 year old niece who loves it, and insists on giving the family a complete run down of the show!)
Personally I would want to see price rally back into the area of the 20 & 50 Weekly MA's before rolling over and then moving lower to $100 - which could be a stronger level of support, and a real inflection point where price looks to make a decision.
We know find ourself closing last week beneath the Weekly 50MA, which it hasn't done for approx 2 years. Is this an area for a bounce? There's been lots of positive news about the release of the final series of Stranger Things (I haven't watched it - but then I don't need to as I have a 14 year old niece who loves it, and insists on giving the family a complete run down of the show!)
Personally I would want to see price rally back into the area of the 20 & 50 Weekly MA's before rolling over and then moving lower to $100 - which could be a stronger level of support, and a real inflection point where price looks to make a decision.
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Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.