Possible Bullish Setup on NFLX
Key Takeaways:
+Since ER gap up we had a continued uptrend leading into this tight $15 descending channel which I am approaching with a slightly bullish breakout bias provided we hold the key demand box
+Trending above 20d SMA and 20d SMA > 50d SMA > 200d SMA meaning we are in a healthy uptrend
+I would expect ~$15 move topside after breaking the TL resistance and 566.5 short term supply confluence area which would send us to the PTs listed in the chart
+Since ER gap up we had a continued uptrend leading into this tight $15 descending channel which I am approaching with a slightly bullish breakout bias provided we hold the key demand box
+Trending above 20d SMA and 20d SMA > 50d SMA > 200d SMA meaning we are in a healthy uptrend
+I would expect ~$15 move topside after breaking the TL resistance and 566.5 short term supply confluence area which would send us to the PTs listed in the chart
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