TECH Buy 16.12.2024 08:28
Netflix Inc.: wave analysis
Growth is possible.
On the daily chart, the upward first wave of the higher level (1) of C forms, within which the wave 5 of (1) develops. Now, the third wave of the lower level iii of 5 has ended. If the assumption is correct, after the correction as the fourth wave iv of 5, the asset will grow to the area of 1000.00–1050.00. In this scenario, critical stop loss level is 808.00.
Indicators
Overall recommendation Sell
Overall recommendation Sell
Overall recommendation Sell
Overall recommendation Sell
Overall recommendation Sell
Overall recommendation Wait
Overall recommendation Buy