Netflix (NFLX) shares could be on watchlists Monday after the 澳洲幸运5开奖号码历史查询:streaming giant experienced technical glitches as a record 60 million households tuned into its Friday night broadcast of a highly anticipated fight between YouTube influencer-turned boxer Jake Paul and boxing legend Mike Tyson.

Many viewers reported experiencing buffering issues, streaming glitches, and lower-resolution video, hampering their ability to watch the fight. The technical disruptions may prompt concerns about the company’s readiness to stream highly promoted live events as its ramps up its real-time sports offerings.

Since the start of the year, Netflix shares have surged around 69% through Friday’s close, far outpacing the performance of its streaming rivals including Disney (DIS) and Comcast (CMCSA), which have returned 2🏅7% and -2%, respectively, over the same period.

Below, we take a closer look at the 澳洲幸运5开奖号码历史查询:techncials on Netflix’s chart and identify important price levels invest🏅ors may be looking out for.

Slowing Bullish Price Momentum

Since breaking out above the top trendline of an 澳洲幸运5开奖号码历史查询:ascending triangle pattern follow🎃ing the company’s better-than-expected quarterly results last month, Netflix shares have continued to trend sharply higher.

However, the 澳洲幸运5开奖号码历史查询:relative strength index (RSI) turned downward on Friday, indicating slowing bullish price momentum, potentially opening the door for near-ter෴m profit taking.

Looking ahead, let’s look at chart-based upside 澳洲幸运5开奖号码历史查询:price target and identify several major 澳洲幸运5开奖号码历史查询:support levels on Netfli🅰x’s chart that may attract interest during retracements.

Chart-Based Upside Price Target

Investors can forecast an upside target by applying a bars pattern, a technique that uses a prior trending move on the chart to specu🐟late how a future directional move may play out.

In this case, we take the stock’s trending period from January to April and reposition it from last month’s ascending triangle breakout. This forecasts a potential move up to around $870, which sits about 6% above Frඣiday’s closing price.

We selected this prior trending move as it also commenced from an earnings-driven breꦯakout following an earlier ascendin🔯g triangle on the chart.

Major Support Levels to Watch

The first key level to watch sits around $770, a location on the chart where the shares may find support from a trendline connecting a period of 澳洲幸运5开奖号码历史查询:consolidation following the init𓆉ial breakout from the asc🔯ending triangle.

A close below this level could see the shares decline to $725. This area on the chart may attract buying interest on a retest of the ascending triangle’s top trendline, a region that also currently lies just below the upward sloping 澳洲幸运5开奖号码历史查询:50-day moving average.

Further selling could lead to a revisit of lower support around $690, an area where investors may seek 澳洲幸运5开奖号码历史查询:entry points near a 澳洲幸运5开奖号码历史查询:horizontal line linking a range of comparable trading levels on the chart between June and Octobe𒅌r.

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