NETFLIX Expect this rally to be extended.

28 พ.ย. 2023

Almost a month ago (October 31) we gave a strong buy signal (chart below) on Netflix (NFLX) with the price reacting immediately having entered a non-stop rise:

Due to the sheer aggression of the current bullish leg of the Megaphone as compared to its previous ones though, we have to downgrade our medium-term target to $580, which will make a perfect +69.30% rise from the bottom as the July 18 High. Their RSI patterns are quite similar, though obvious that the current is more aggressive, hence will correct equally aggressively at some point, probably early-mid January 2024.

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