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Netflix Inc., Technical Analysis
12/16/2022 10:20 AMShares of Netflix Inc., an American entertainment company and movie and series streaming service, are correcting at 290.00.
On the daily chart, the price is growing within the global corridor with dynamic boundaries of 253.00–330.00, moving away from the resistance line and returning to the middle of the range.
On the four-hour chart, the price returned to the initial Fibonacci 23.6% retracement at 290.00, and upward potential eased, allowing a decline to the November 7 low at 253.00.
Technical indicators keep a global buy signal: the range of fluctuations of the EMA on the Alligator indicator is quite wide, and the histogram of the AO oscillator forms corrective bars in the buying zone.
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