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Watching for a Netflix bounce off 75.70 support
I'm looking at $NFLX today, specifically around that intraday low of 75.71. It dipped right to that level and showed a bit of a buying tail, which could suggest some support is forming there. If we get a strong close above 76.00 and can hold that area tomorrow, I'd consider a push towards 77.80 plausible. The risk here, of course, is if 75.70 breaks cleanly; then we could be looking at a retest of lower support zones, possibly 75.00 or below.
1 comments · 1 points
That's an interesting level you're watching for Netflix. Do you see any specific volume confirmation or divergence on lower timeframes that aligns with that potential support, or is it primarily a price action read?