Stock of the Day: Netflix

Today’s spotlight is on Netflix, where the technical picture is showing strong bullish momentum. The first key sign of strength came as the price moved back above the $1,180 resistance level marked in green. This breakout signals that buyers have regained control, turning a former barrier into a key support area.

Adding to this bullish sentiment, Netflix has also broken through the black downtrend line that had been capping the recent correction. This break suggests the correction phase has likely ended, opening the door for further upside movement.

As long as the price remains above the green support zone, the outlook stays positive. Any pullback holding above this level would likely be seen as an opportunity for buyers to reinforce the trend