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Netflix stock price is exploding higher to new all time highs after earlier this month price broke out of the consolidation range it was in for at least a year. Since mid of 2020, NFLX stock price has been trading between $575 and $462. Only once bulls attempted to break above $575 but that attempt was short lived.
Since March when price tested $480, price has turned upwards and is making higher highs and higher lows. Price is now exiting the consolidation range and this is a bullish signal. The RSI is making new highs in the Daily chart and this upward move will most probably last for a few weeks, pushing price higher. Next upside target for the NFLX stock price is at $636. As long as price is above $500 bulls remain in control of the trend.
¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.
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