The shares of Netflix Inc., an American entertainment company and movie and series streaming service, are trading at 338.00.
On the daily chart, the price continues its corrective dynamics within the global ascending corridor with dynamic boundaries of 290.00–380.00, reversed upwards.
On the four-hour chart, the upside potential remains high, as the quotes returned to the local rising corridor with the boundaries of 285.00–323.00 and are heading toward the resistance line around 380.00.
Technical indicators gave a signal to buy: fast EMAs on the Alligator indicator crossed the signal line upwards, expanding the range of fluctuations, and the AO histogram forms rising bars in the buying zone.