Will the Double Bottom hold or fail? Plot your targets on the chart.
Reversal pattern after a downtrend.
Reversal pattern. Price likely to break upwards.
Market participants tracking Netflix should note the latest formation. With a last close of $70.09, volatility remains active (1.74%). Price action has carved out a classic Double Bottom. The trend indicator is reading 42.1/100, suggesting moderate momentum. A potential breakout level is identified at $82.1, targeting $99.12 with support near $73.59 (R:R 2.0).
What is your outlook on NFLX?