For 2025, Netflix forecasts revenue to be between $43 billion and $44 billion, which suggests an 11% to 13% growth from 2024’s expected revenue. This growth is expected to be driven by increased paid memberships and average revenue per member.
NFLX has recently been rejected from the 940 high reached in December 2024 and is pulling back. This level represents a possible third long-term Elliott upside wave top; a confirmed break below 880 is confirming that. Only a break above 890 would lead to an upside continuation and invalidate the downside reversal. Learn to Trade Stocks profitably.
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NFLX weekly chart below reveals a test of the uptrend channel support 842. At this point, sell positions have a greater probability of success. If we get a confirmed break below 432, we should see an acceleration of a reversal lower. The first target after an 842-level breakout will lead to a test of 720.
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As the famous trader says…
“In trading and investing, patience is a virtue, panic is not.”
Peter Lynch
How to trade this?
It is a fact that a strong downside resistance for Q1 2025 is 840 and If we get a confirmation of a breakout and a sustained extension below this level we could see still a strong downside continuation in the long-term fourth wave correction. You can take the short trade here with a stop loss above 880. You can trade with put options as well. For inquiries about account management or copy trading please write to [email protected] or contact me on WhatsApp or Live chat.
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