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Netflix Topped Revenue Estimates ... Full Analysis Enclosed




Netflix (NFLX) having topped revenue estimates this morning, it's testing a significant overhead price ceiling at 556.60 that can contain buying into Q2.


From here, (NFLX) is susceptible to falling lower to near term support. A settlement below this support level would lead to significant losses into later year.


Inversely, a weekly settlement above the shown price ceiling would put Netflix (NFLX) into a buy signal where the November 2021, 700.98 all time high would be in reach over the next 3 - 5 months.


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