Intraday Technical Analysis Of Netflix Inc.

By AAATrade of AAATrade.com

Wednesday, January 18, 2023 5:36 AM EDT

black flat screen tv turned on displaying 11

Image Source: Unsplash

Today’s instrument is Netflix Inc.‘s stock traded on the Nasdaq exchange under the ticker NFLX.

Looking at the NFLX ‘s chart, we can see that after an upward price movement, it was lastly traded at around $326.

Tomorrow, it is announcing its quarterly earnings, and if the market’s anticipation is positive then we should expect a further price increase today, testing its resistance level at around $330 with a high possibility to break through it.

On the other hand, it could drop toward its support level at around $300.

(Click on image to enlarge)

AAATrade's Intraday Technical Analysis of Netflix Inc. - 18/01/2023

More By This Author:

Daily Technical Analysis Of EURGBP - Monday, Jan. 16
Intraday Technical Analysis Of Morgan Stanley
Daily Technical Analysis Of EURGBP - Friday, Jan. 13

Disclaimer: Trading is risky. Information presented herein, is not to be constructed as a solicitation or an offer to buy or sell any Financial Instrument or to participate in any particular ...

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.