NFLX traded around 1,218.56 this week, hovering near a key resistance zone at 1,240.42. Although the weekly candle shows signs of rejection, the price is still trading near the upper Bollinger Band, suggesting that bullish momentum hasn’t completely faded despite potential exhaustion.
Price remains in a strong uptrend, trading above both the 20-week SMA and the midline of the Bollinger Bands. Importantly, the price is still near the upper band even after testing major resistance — a signal that bulls maintain control, though with some hesitation. The Bollinger Bands remain wide, indicating ongoing volatility with no clear signs of contraction yet.
MACD (12,26,9) continues to print a bullish profile, with the MACD line (97.819) still well above the signal line (74.687). However, the histogram has flattened, which is often a precursor to reduced upside momentum or a possible divergence if price fails to make new highs.
Market Observation & Strategy Advice
1. Resistance Levels: Main resistance stands at 1,240.42, with current price still hovering just below.
2. Support Zones: Immediate support is seen at 1,059.60, and stronger support further down at 832.35.
3. MACD Analysis: Momentum is still bullish, but flattening histogram indicates a slowdown — monitor for divergence or crossover.
4. Bollinger Band Behavior: Price remains close to the upper band even after resistance test — bullish structure intact, but susceptible to minor corrections.
5. Trading Strategy Suggestions:
Market Performance:
Stocks Last Price % Change
AAPL 199.20 +0.21%
TSLA 319.11 −2.24%
Today’s Key Economic Calendar:
DE: Wholesale Prices MoM & YoY
EU: Balance of Trade
US: Michigan Consumer Sentiment Prel
Risk Disclaimer: This report is for informational purposes only and does not constitute financial advice. All investments involve risk and past performance is no guarantee of future results. Please consult your financial advisor for personalized investment advice.
This website is published by Fortune Prime Limited
The information provided on this website is intended for general informational purposes only and does not constitute financial or investment advice. The content on this website is not tailored to the specific circumstances or investment objectives of any individual or entity.
Please be aware that the products mentioned on this website, including Over the Counter (OTC) foreign exchange contract and derivative products carries a high level of risk which may not be suitable for everyone, that may result in the loss of your investment. We strongly recommend seeking professional advice or conducting thorough research before making any investment decisions or engaging in derivative product trading.
This website may provide links to external websites or third-party content for your convenience. However, we do not endorse or take responsibility for the accuracy, completeness, or reliability of any information, products, or services offered by these external sources.
By using this website, you acknowledge that you have read, understood, and agreed to the terms of this disclaimer. If you have any questions or concerns, please contact us for further clarification.
Please note that this disclaimer applies specifically to non-Australian products. If you are located in Australia, different regulations and disclosures may apply.
The availability, terms, and conditions of these products may vary depending on your jurisdiction.
The services listed on this website are not available to residents of the USA, Japan, Ukraine, Indonesia, New Zealand, Australia, North Korea, Myanmar and Iran.
FPG is authorized and regulated in various jurisdictions.
Fortune Prime Limited trading as FPG Fortune Prime Global, is authorised and regulated by the Vanuatu Financial Services Commission (VFSC), number 700507.
Fortune Prime Global Capital Pty Ltd is authorised and regulated by the Australian Securities and Investments Commissions (ASIC), AFSL no. 400364. It is authorised to perform financial services in Australia.
Please add the WeChat FPG_01, or scan the QR code.
