Netflix Stock Technical Analysis Ahead of Q3 Earnings | Key Support & Resistance Levels
After an extended uptrend that drove shares to all-time highs earlier this year, the streaming giant now finds itself in a position where earnings results could determine whether the momentum continues or a significant correction unfolds.
Monthly Chart: Stalled at the Peak
The monthly perspective reveals a potentially notable signal that began three weeks ago with an aggressive negative close that engulfed the previous month’s candle. This bearish engulfing pattern near all-time highs represents a potential significant top, with the stock now trapped within that monthly range. The 10-month moving average is providing critical support, but the market’s inability to attract new buyers above the highs might suggest exhaustion at these…
