💡Trade Idea – Tues 6/24/25 🎬 Deep Dive and How to Play Netflix

What the Charts Say About the Streamer’s Next Move

Hey traders and investors —

Today I’m breaking down Netflix ($NFLX), one of the most explosive names in the market this year. It’s not just the stock’s rally that’s caught my attention—it’s what’s going on under the hood that makes this one worth watching right now.

We’re at an interesting moment on the chart, flirting with a new breakout above all-time highs, while momentum and volume quietly build in the background. I’ll walk you through what I’m seeing, how I’d approach it depending on your style (investor, trader, or options trader), and where the risk/reward lines up best.

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🎯 Quick Backstory: What’s New With Netflix?

Netflix has been firing on all cylinders lately. After blowing past subscriber growth expectations last quarter, they followed up by announcing a price hike across their premium plans. The market loved it. And more recently, they’ve been pushing hard into the live content space—sports, stand-up comedy, and even a rumored bid for WWE’s streaming rights.

That pivot to live content is important—it opens new monetization routes and keeps users engaged longer, which Wall Street likes. And judging by the chart, the Street’s already been quietly buying that story.

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📊 Technical Breakdown: Let’s Talk Chart

So here’s the fun part. The chart’s been steadily grinding higher since early April, and we’re now sitting right at $1,274—literally a hair below resistance at $1,276.00. That’s not a coincidence.

Let’s go through the signals one by one.

🔹 Price Action

• This thing has been in a strong uptrend, no question.

• The last few sessions have been tight—low-range candles right under resistance. That usually means one thing: coil before the breakout.

Support zones are down at:

• $1,197.04 (first cushion, about 6% down)

• $1,167.04 (deeper pullback zone, roughly 8.4%)

These are your lines in the sand. Above $1,276, though? That’s blue sky territory.

🔹 Moving Averages

• The 10-day SMA and 21-day SMA are stacked bullishly above the 50-day.

• All three are upward sloping, which confirms strength.

• That 10-day SMA around $1,228 is where I’d expect dip buyers to step in.

🔹 RSI

• RSI is currently around 71—yes, technically overbought, but that doesn’t mean sell.

• In strong trends, RSI can stay above 70 for weeks. This is a “momentum overbought” signal, not a “time to bail” flag.

• If RSI stays hot while price breaks above resistance, momentum traders will likely pile in. I’d take that as confirmation.

🔹 MACD

• MACD is still above the signal line, but the lines are tightening.

• Histogram is starting to flatten, which could mean we’re at a decision point.

• No bearish crossover yet—but something to keep an eye on.

🔹 Stochastics

• Fast and slow lines are turning up after a recent low, now around 68.

• There’s room to run before topping out, and this curve upward often signals a near-term push higher.

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💼 How I’d Trade It