Jun. 20 at 6:16 PM
$NFLX — Is a bottom forming?
One chart I am currently watching closely is
$NFLX.
Selling pressure appears to be easing, and the stock is beginning to build a potential bottom.
The key question is: Is this merely a temporary pause in the downtrend, or the early stage of a reversal?
My current view:Holding above
$75 would be a positive signal.
A drop below
$75 could open the door to support levels near
$61.
If buyers regain control, I believe the price could eventually rise toward
$127.