netflix – fibonacci6180

NETFLIX(NFLX) CHART 060820

Macro view. Target price is much high!

Target price is 477/423.60%.

Bottom price of 2nd downwave is 398/423.60%.

Fibo slingshot pattern created. Uptrend.

Chart Analysis – FAANG, SPY, UVXY

FB – Hit 423.60%
Apple – Hit 161.80%
Amazon – Hit 423.60%
Neflix – Need to cover up 348.45. Two black cows formed.
Google – Stayed over 261.80%
UVXY – Will retest 66.19/261.80%?
SPY – 260.65/161.80% is a support level.

All FAANG’s touched highest resistance level of 1st up wave. They had three white troops rising pattern so that I do not think they will fall easily.

Chart Anaylsys – Netflix

Next support will be 229/423.60% of down wave or 223/423.60% of previous up wave.

Netflix stock chart

FAANG 120118

Facebook – FB

– Three white troops created
– Break up through three 61.80% serving as resistance points
– Major support point is 135.15

Maximum level of this stock wave is 161.88, 423.60%

Amazon – AMZN

– Three white troops created
– Break up through three 61.80% serving as resistance points
– Major support point is 1582.58

Maximum level of this stock wave is 1983.55, 423.60%

Apple – AAPL

– Three white troops created
– Break up through three 61.80% serving as resistance points
– Major support point is 177.71

Maximum level of this stock wave is 189.52, 423.60%

Netflix- NFLX

– Three white troops created
– Break up through three 61.80% serving as resistance points
– Major support point is 270.64

Maximum level of this stock wave is 366.48, 423.60%

Google – GOOGL

– Three white troops created
– Break up through three 61.80% serving as resistance points
– Major support point is 1066.76

Maximum level of this stock wave is 1168.77, 423.60%

FAANG 112918

Tomorrow is not a good for FAANG brothers. Most of them except Apple hit by downtrend resistance fan line. Pullback will be occurred. This is not meaning down fall. Need to figure out where are real support points on this pullback.