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Netflix Trading Analysis (31/07/2024)

31.07.2024

The trend is up. The stock trades in the range between 365 and 135 ЕМА. The downward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold condition.

Trading idea:

Buy when the formation of the ascending wave structure begins, when the wave A breaches the sloping channel of the downward truncated structure.
Stop-loss at 616.50.
Price targets at 646.00 and 686.50.

#netflix #stock #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor

Author: GC

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