Can Netflix’s (NFLX) Rally Power It Through This Key Resistance Level?
Today’s big stock is another one that many traders and investors know very well. Popular streaming platform, Netflix (NFLX), captures a lot of attention from traders as it is a highly traded stock, which means it has good liquidity. When trading, you want stocks that are liquid so you can easily get in and out of your trades.
Trades like the next one you could make on the stock as it approaches another key level that will either make or break the rally the streaming service has been on. The prices highlighted in the view below lay out the roadmap one could use in order to catch the next big move for the stock, and by looking at the chart, that next move could be a big one. So make sure you watch the video so you can plan for the highest probability trade.
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