Odds on $NFLX holding above $65 by Friday's close
Hey everyone, just looking at $NFLX after that pretty significant dip today. It's currently sitting around $68.95, but earlier touched $65.095. With the momentum it's had recently, even with this pullback, I'm leaning towards it finding some support around these levels.
My gut feeling, looking at the daily chart and the general market sentiment right now, is that there's a good 60-65% chance $NFLX will close above $65 by Friday. The reason for this isn't just wishful thinking; we've seen it bounce hard from similar drops before, and the overall narrative for the company hasn't fundamentally changed, just a typical profit-taking wave. Obviously, if we get any unexpected news or a broader market correction, that could easily shift, but as things stand, I think the buyers will step in around that psychological $65 mark, possibly even pushing it back towards the mid-to-high $60s.