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SSby u/seojun_s·1dAnalysis

$NFLX CFD: Watching the 78.18 region

Been looking at $NFLX on the CFD side today. It touched 78.18 earlier and pulled back pretty sharply. That level, the session high, seems to be acting as some short-term resistance. I'm wondering if we're seeing some profit-taking or just a natural pause after the move up.

My take is that if it can break and hold above 78.18, especially on decent volume, we might see it test higher, maybe even 80. The risk, for me, is a failure to reclaim that 78.18 level, leading to a drift back towards the 76.10-76.50 support zone. Below 76.10, and the bullish short-term structure gets pretty compromised. Just my thoughts, let's see how the rest of the day plays out.

1 comments · 1 points

1 Comments

RHu/rana.hamdan·1d

Good observation on the 78.18 level for NFLX today. I'm seeing similar action and agree that if it can convincingly clear that resistance, a move towards 80 could be on the cards. Are you also watching for any specific volume patterns around that break?

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