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Benzinga
9 days

Stock Of The Day: Classic 'Flag' Pattern In Netflix Could Mean A Move Higher

1. NFLX shows a potential bullish flag pattern suggesting an upcoming uptrend. 2. Consolidation is occurring on low volume, usually indicating a forthcoming price increase. 3. Previous strong price action may attract buyers back into the market soon.

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FAQ

Why Bullish?

The flag pattern indicates potential future gains, similar to past bullish trends.

How important is it?

Technical patterns like flags often precede significant moves in stock prices.

Why Short Term?

Anticipated uptrend suggests immediate buying opportunities, akin to previous price recoveries.

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