Netflix's Tense Climb Towards The $700 Barrier And A Stunning 44% Year To Date Growth Could Signal A Historic Breakthrough
Portfolio Pulse from Zaheer Anwari
Netflix is nearing a critical psychological resistance level at $700, a point that has historically led to significant sell-offs. The stock has grown 44% year-to-date, and investors are closely watching for a potential breakthrough. A successful move above $700 could trigger a strong upward trend, while failure may lead to declines.
September 03, 2024 | 1:52 pm
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Netflix is approaching a significant resistance level at $700, which has historically led to sell-offs. The stock has grown 44% year-to-date, and a breakthrough could trigger a strong upward trend.
Netflix's stock is at a critical resistance level of $700, which has previously led to sell-offs. The stock's 44% YTD growth and recent attempts to break this level suggest potential for a strong upward trend if it succeeds.
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