Attached is my chart with annotations on where I believe the price action is headed. My bias is to the downside, even if the price action gaps up into the dominant supply zone(s). I believe we will see a decline in subscribers and we may finally hear about some new features where NFLX will be adding additional fee's for AD vs Non-AD subscription plans to help generate more revenues.
We will see how this plays out and I will be interested to see how the markets react into the close of the day. Remember it's about "how the markets react" and not so much "why is price doing x, y, z".
NFLX,s time has come and gone. One time jump in subscribers flushes out code sharing. Cost's are going up, competition is fierce and their library is not that deep. They can but marginal players to add content but they L00k like a good short.
bsdvs23
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@Blackhermen, Put it on the radar for downside potential areas. My opinion of course. I'll be focused on T1 and T2 on the chart.