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Netflix shares experienced a decline from late February to early March. An overlay of this movement from last month’s high offers insights into potential future price action in the coming weeks.
Selling below a specific level could lead to a retest of lower support around $1,065. In this price range, the stock is likely to find strong support near the prominent February swing high.
A continuation of the longer-term uptrend could propel Netflix shares toward the $1,340 mark. Investors who acquired shares at lower prices might consider locking in profits at this level, which coincides with the notable late-June peak and the stock’s all-time high.
