About NETFLIX
Netflix is an online video streaming service that offers a wide range of TV shows, movies, animations, documentaries, and more.With over 200 million users, the company is the most popular subscription service for movies and TV series today.
Netflix’s stock price has been on an upward trend since 2003, growing by almost 300,000%. This upward trend continues.
Netflix Forecast by NEoWave
Based on the 2-month Cash Data chart, it is quite clear that the diametric pattern is completing.
Considering that the diametric wave-(B) has taken a lot of complexity and time, it seems that the wave-(F) is not completed and has little complexity and time, so we considered two scenarios for the wave-(F):
Scenario 1
Considering that after the wave-(E) there was a rapid downward movement, the wave-(F) will become an irregular contracting triangle, then the wave-(G) will start and grow
Scenario 2
The wave-(F) can turn into a flat pattern with a strong wave-b. In this type of flat, usually the wave-c cannot retrace the entire wave-b, as a result, the wave-c of this type of flat pattern can turn into a terminal pattern, and then the diametric wave-(G) of a higher degree will start.
Good luck
NEoWave Chart
