![\"\"](\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/01\/NFLX_2025-01-22_20-46-39.png\")
<\/figure>\n\n\n\nUsing $1,000 as our projected swing high, and the bottom of the recent low at $823.63 as our swing low, we find two key levels to pay attention to: <\/p>\n\n\n\n
- \n
- 38.20% Fib Support at ~$932.63<\/strong>\n
- \n
- This level aligns with the previous all-time high at $935.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- 61.80% Fib Support at ~$891.00<\/strong>\n
- \n
- This level aligns with a previous low at $886.61, formed on December 19th, 2024.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n
Traders should also watch for the possibility of a classic bearish divergence<\/a> forming. This would signal a potential reversal after the markets open at around $1,000. <\/p>\n\n\n\n
- \n
- Happens when the price forms a higher high, but momentum (RSI) forms a lower high.<\/li>\n\n\n\n
- The previous RSI major high is at 88.50, so the momentum should surpass that number to invalidate the bearish divergence.<\/li>\n<\/ul>\n\n\n\n
Will Netflix Continue its Uptrend?<\/h2>\n\n\n\n
Finally, it’s important to notice that Netflix has been consistently respecting the 20 EMA, as soon in the example above with a Bollinger Bands\u00ae<\/a>, set to EMA-20 and 1 standard deviation.<\/p>\n\n\n\n
As long as the price remains above the 4H Bollinger Bands (EMA 20) and does not fall below its 1-Standard Deviation bands, Netflix should continue in its uptrend.<\/p>\n\n\n\n
\n\n\n\nYou may also be interested in: <\/strong><\/p>\n\n\n\n
- This level aligns with a previous low at $886.61, formed on December 19th, 2024.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n