NFLX is still in a correction, but the long-term uptrend remains intact. There are two scenarios for how this pullback could end: either it stabilizes around 1150 and starts to turn higher from here, or it dips closer to the stronger support near 1050 before reversing. In both cases, the uptrend toward 1500 stays in play as long as price holds above 1000.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.