The shares of Netflix Inc., an American entertainment company and movie and series streaming service, are moving around 299.00.
On the daily chart, the price continues its confident upward trend within the local channel with dynamic boundaries 265.00–330.00, approaching the resistance line.
On the four-hour chart, the upside potential has increased significantly after the breakout of the key initial Fibonacci 23.6% retracement at 288.00, and the next target could be the 38.2% Fibonacci underlying retracement at 366.00. The decline is possible only in case of re-consolidation below the initial correction around 288.00.
Technical indicators began to strengthen the buy signal: the Alligator indicator's EMA oscillation range expands upwards, and the histogram of the AO oscillator forms upward bars, rising in the buying zone.