FREE Guide: 6 Fibonacci Types that Create the Most Precise Price Levels, Targets, and Reversal Zones

May 19 Chart of the Day - Netflix

It was just a short year ago that Netflix (NFLX) investors were wondering how much lower its stock price could go down.  Price found a bottom around $165 area after free falling the prior six months from its all time high of $700.

Since July 2022 price has more than doubled closing at $371.29 yesterday and is now reaching for $400 and possibly even higher but not before having to deal with some overhead structure from a price action technical analysis perspective.

If price can break above and hold $400 then the next upside targets could be $431, $458, and $495.  But price never moves in a straight line so expect some normal up/down market cycles if price continues its trend higher.

To the downside, if price were to fall back below $350 then that could put $320, $300, or even lower in play.

And while price has been moving in technically correct fashion only time will tell for sure what's ahead.

What do you think?  We'd like to hear from you in the comments sections.

Have a chart you'd like to see featured? 

Send requests at

Would you like charts like this delivered directly to you every day?  ChartPros Trade Room is offering a 7-day free trial at this link.



Leave a comment

Name .
Message .

Please note, comments must be approved before they are published