NFLX is currently around 1151.27, continuing its strong bullish run. Price has cleanly broken through major resistance zones and is trending higher in a strong upward channel. The weekly chart suggests sustained buying pressure, supported by expanding volatility and a bullish MACD.

NFLX has surged past the previous resistance at 1059.60, confirming a breakout from its consolidation zone. The candle structure shows strong bullish momentum with consistent higher highs and higher lows. Price is riding along the upper Bollinger Band, often a sign of sustained strength in a trending market.

MACD remains firmly bullish, with the MACD line above the signal line (MACD: 71.090, Signal: 53.017) and the histogram in positive territory. There’s no bearish divergence visible, and momentum is strengthening. The Bollinger Bands are widening, which indicates rising volatility and potential continuation.

Market Observation & Strategy Advice
1. Current Price: 1151.27, right at the blue line. This is the new local high with no overhead resistance, suggesting potential for price discovery.
2. Key Support Levels: 1059.60 – Recently flipped from resistance to support. A retest of this level could offer a strong long entry. 832.35 – Major structural support, the base of the previous rally.
3. Momentum & Trend: MACD remains bullish with no signs of crossover or divergence. Bollinger Bands expanding with price hugging the upper band – a hallmark of a strong uptrend.
4. Strategy Advice:

• Stay Bullish: Trend remains upward; no technical signals suggest a reversal yet.
• Look for Pullbacks: Entries on pullbacks toward 1059.60 offer lower-risk opportunities to go long.
• Use Trailing Stops: Protect profits as price explores new highs.
• Avoid Shorts: No bearish confirmation present; premature to bet against momentum.
• Monitor Weekly Close: A strong close above 1151 further confirms breakout strength.
  
  

Market Performance:
Stocks Last Price % Change
AAPL      197.49         +0.63%
TSLA      284.82         +3.11%

Today’s Key Economic Calendar:
CN: Balance of Trade
CN: Exports YoY & Imports YoY
CA: Unemployment Rate