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Apr 21, 2022 1:15 PM

Netflix At Technical Support 

Netflix, Inc.NASDAQ

Description

So much talk about NFLX. Lot of people see it going to 100, others are considering buying some shares.

They have some really good documentaries, they are going to stay here and more importantly, people will continue to use it. Not accounting Russia, and they would be up 500k on subs!!

From an Elliott wave perspective, we see five waves down headed into technical support so there can be some rally coming, especially after massive long liquidations and margin calls.

BTW, I am not long, but I am watching it and I could consider some long-term longs at 80-120 area.
Comments
vitalalyt
have you considered scenario that this may be an extended flat correction with impulse in C wave forming now?
Rohit_Shinde
netflix must rebound frm here
BitViewEU
Nice graph. I don't have a position in Netflix. Bill Ackman did. He took 300 Mio loss.
CryptoArch_
And reached PRZ for Anti Bat #harmonic pattern
CryptoArch_
@CryptoArch_, maybe Netflix need someone like Elon (Twitter bounce from #Crab harmonic pattern and already reached TP1 for 21%+ from entry).
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