Netflix (NFLX)
Date Of Analysis: September 18th, 2023
Our mathematical and timing calculations for Netflix (NFLX) show the following…..
- The top we saw on July 19th, 2023 is consistent with our mid-cycle top. Both our price and time calculations confirm this top.
- The stock is now falling into a mid-cycle bottom. Scheduled to arrive in XXX of 2023. Let’s say XXX, 2023 (+/- 5 trading days).
- Our calculations suggest we will see a bottom at two possible locations. A more likely outcome puts the target at around $XXX (+/- $10). Secondary and less likely outcome is located at around $XXX. We will know which one it is as we get closer to the TIME turning point above.
- Once this bottom is put in place NFLX should surge into a long-term double top formation, scheduled to arrive by mid 2025 at around $XXX.
This substantial rally would make NFLX a fast mover. If you would like to find out our exact time/price targets for NFLX and to witness our trade setups, please Click Here
