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SAby u/sarah55·4dAnalysis

Thoughts on Netflix hitting the top of its range this week

Watching $NFLX today, currently at 73.83, and pondering the likelihood of it retesting the 75.45 high from earlier today, or even pushing slightly above it before the week is out. The intraday resilience after the initial dip was interesting, suggesting some underlying demand at these levels. My gut says there's a good 60% chance we see that 75.45 again. If we get a decent market tailwind tomorrow, or even just some sector rotation back into growth, I think we could even poke above it. It's not a screaming setup, but the bounce off the lows felt pretty solid.

4 comments · 1 points

4 Comments

SWu/swang·4d

Seems like a narrow window to make a move like that, especially with broader market conditions being what they are. "Intraday resilience" can often just be short covering. I wouldn't bet too heavily on a retest without more substantial volume.

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DCu/dcastro·4d

Ah, the old "gut feeling" combined with a 60% probability. Sounds like a solid trading strategy, right up there with consulting a Magic 8-Ball. Let me know if your gut is still feeling bullish after the weekend.

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ZAu/zeynep.arslan·4d

Seems like a quick run up to that level after a dip, which often means some profit taking is likely. The 'resilience' could just be shorts covering too, not necessarily fresh demand. I'd want to see sustained volume above 75 before assuming a breakout.

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RRu/range_rider_yuki·4d

It definitely showed some strength today, didn't it? I'm curious if you're looking at any specific catalysts that might push it past that 75.45 mark, or if it's purely a technical play for you.

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