Power Plays New Idea: NFLX

November 30, 2022

By Scott Redler

Name: Netflix

Ticker: NFLX

Price: $288.28

Needs to Hold: $269 to $270

Price Objective 1: $310 to $315

Price Objective 2: N/A

Netflix (NFLX) looks ready to break out to new highs so I'm making it our latest Power Play.

It has been stairstepping higher and showing nice relative strength.

And I think we could be on the verge of a breakout to the $310 area or even higher.

On the downside, if it got to the $269 range, I'd look to switch gears.

But for now it looks great.

By the way, Taiwan Semi (TSM) is perking up today, though I want to see it over $83 ASAP for it to get going.

Stay tuned for more updates.


Scott Redler Positions Disclosure as of 2022-11-30 at 11.36.16 AM