Netflix: Buy Netflix and Chill? We look to Buy at 207.40 (stop at 185.40 )
Continued upward momentum from 164.28 resulted in the pair posting net daily gains yesterday. Price action looks to be forming a bottom. Previous resistance level of 207.41 broken. We have a Gap open at 333.22 from 19/04/2022 to 20/04/2022. Further upside is expected although we prefer to set longs at our bespoke support levels at 207.40 , resulting in improved risk/reward.
Our profit targets will be 330.00 and 400.00
Resistance: 248.70 / 329.82 / 333.22
Support: 207.41 / 169.70 / 164.28
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