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MLby u/murphy_lotte·2dAnalysis

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.

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1 Comments

PEu/petralukic·2d

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?

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