$NFLX sees Go Trend Continuation

$NFLX sees Go Trend Continuation


December 2022


Alex Cole

$NFLX has been in a "Go" trend since the middle of November.

We have seen a series of higher highs and higher lows.  On the last high, price only edged higher before quickly correcting and GoNoGo Oscillator again returned to test the zero line.  In a good sign for Netflix bulls, the oscillator immediately bounced off the zero line back into positive territory and so we can say that for now momentum remains on the side of the "Go" trend.  We can look for price to make an attempt at another higher high.