The stock Netflix is gaining

The stock Netflix is gaining

2019-11-22 • Updated

Trade idea

BUY 312; TP 318; SL 310

The stock of Netflix has so far shown positive dynamics. This week, the price has managed to rise above the 100-day MA at the psychological level of $300.00, the 38.2% Fibo retracement of the July-September decline and the October high at $308.57. The natural level to target on the upside is the 50% Fibo mark at $318.50. The previous resistance levels will now act as support.

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