NFLX - Heavyweight Showdown Looms As Netflix Muscles In On This Bull Run (Technical Analysis)

2024-05-21 00:45:34 ET

Summary

• My 2023 prediction for a +51% rise in the Netflix share price has completed, with an even larger wave of buying set to take place.
• The company has released another round of better than expected earnings and is set to both team up with a former competition giant and move into the lucrative sports market.
• Past protracted moves towards my bullish target from $330-$500 have been replaced with a technical clearer picture of bullish demand for this equity, with a move to the $950 region looming as $640 resistance fast approaches.

Sometimes you make a call and it blasts to target, there are cases you make a call and it doesn't land, sometimes, you look a bit older by the time it gets there....

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