FPG NFLX Market Report February 21, 2025

FPG NFLX Market Report February 21, 2025

NFLX is currently traded around 1019.48, pulling back after testing resistance at 1059.60. The stock remains in an overall uptrend but faces potential downside pressure toward key support levels. Despite the recent pullback, the long-term trend remains bullish, as prices continue to trade above key moving averages.

Netflix attempted to break above 1059.60 but failed, leading to a rejection and pullback to 1019.48. This level will act as an immediate support zone, but a further drop could see prices testing the next major support at 838.90. The price structure still suggests higher highs and higher lows, keeping the bullish outlook valid unless 990 is broken convincingly. The Ichimoku Cloud remains bullish, suggesting that the long-term trend is still intact, but the Stochastic oscillator is overbought, indicating possible further downside correction before any continuation of the uptrend. If the price fails to hold 1019.48, we could see further selling pressure.

Market Observation & Strategy Advice:

1. Key Resistance: 1059.60 – A breakout above this level could signal further upside.

2. Key Support: 1019.48 (current level) and 838.90 (major support).

3. Momentum & Indicators: Stochastic is overbought, signaling a possible short-term retracement; Ichimoku Cloud remains bullish in the long term.

4. Trading Strategy: Buy on confirmation of support at 1019, targeting 1059.60 – 1075; Sell if 1019 breaks, targeting 990 – 840.

5. Risk Management: Stop-loss for long positions below 995; stop-loss for short positions above 1065.

Market Performance:

Stocks Last Price % Change

AAPL 245.83 +0.39%

TSLA 354.40 −1.71%

AMZN 222.88 −1.65%

Todays Key Economic Calendar:

JP: Inflation Rate Yoy

UK: Retail Sales MoM

DE: HCOB Manufacturing PMI Flash

US: Existing Home Sales

Risk Disclaimer This report is for informational purposes only and does not constitute financial advice. Investments involve risks, and past performance does not guarantee future results. Consult your financial advisor for personalized investment strategies.