Feb. 7 at 5:21 PM
$NFLX – Setup Heating Up!
Netflix (
$NFLX) is currently around ~
$82.20 and showed a solid bounce on Friday’s session after testing key buyers near lower levels.
Bull thesis: If
$75.28 support stays intact (0.5 fib demand zone), this tape has the look of a classic rebound push. A clean hold there means risk‑defined bulls can target the next real resistance area up near
$148.39+ — a very attractive reward zone if momentum returns.
Odds still lean bullish on strength above intermediate support, and sentiment skew is positive with decent weekly forward expectations around the
$80–
$90 area.
Bulls want to see:
• Price defend
$75.28
• Follow‑through above
$85
• Expanding volume on up‑days
If support fails, that invalidates the bounce thesis — but holding it could fuel a nice swing trade toward
$148+. Volume and level discipline are your friends here.
