Netflix (NFLX) ripped higher after announcing it dropped its bid for Warner Bros. Discovery (WBD) — triggering a massive rally and strong momentum shift in the stock. In this video, I break down the NFLX chart, highlight the key technical levels, and outline how traders can approach this move going forward.
We'll cover:
Why NFLX rallied so strongly
Whether the breakout is sustainable
Resistance zones that could cap the next leg higher
Risk management levels for this volatile move
If you're trading NFLX or looking for the next opportunity, this technical breakdown provides a clear roadmap.
Video Length: 00:09:08
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