NFLX was identified at around 995.5 having recently rebounded of the support on the 30 Minutes data interval. Ultimately, the price action of the stock has formed a Channel Up pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 1016.5087 level.
NFLX is signaling a possible trend reversal on the intraday charts with price not breaching support.
