Netflix Trading Analysis (17/10/2024)
The trend is up. The stock is trading in the range between 365 and 135 ЕМА. The downward truncated wave structure finished with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold condition.
Trading idea:
- Buy at the breach of 705.10.
- Stop-loss at 697.50.
- Price targets at 715.00 and 733.50.
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