Jan. 22 at 11:03 PM
$NFLX
Just wondering if anyone positioned short NFLX into tomorrow's open, targeting sub-
$80?
Supply/Demand Imbalance:
67M shares traded today on 2.1% drop—elevated volume (24% above avg) screams excess supply from profit-taking and analyst downgrades (e.g., New Street PT cut to
$96). No buyback support amplifies float pressure; RSI at 19 screams oversold, but MACD flat and price below all MAs (50-day
$98) confirm sellers dominate. Broader sentiment on X echoes bearish exhaustion, with calls for
$70S entry.