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Thoughts on $NFLX recent push and resistance
Watching $NFLX this week, it's had a pretty strong move into the mid-$70s, touching 78.43 today after being up over 4%. I'm curious if this area, especially around that $78-$79 mark, could act as a minor resistance zone from prior consolidation, or if the momentum carries it right through. My main concern would be a retrace if it can't hold above $77, which might suggest a failed breakout.
1 comments · 1 points
Yeah, I'm seeing that too. It definitely feels like it's approaching a level where it could either bounce hard or just keep pushing. I'm leaning towards a bit of consolidation around that $78 mark before it decides its next move.