Netfix (NFLX) has been consolidating between $252 and $221 since middle of July 2022. A daily close above $252 could form a bullish cup and handle pattern that stretches from middle of April 2022 until to date. Prices could potentially rallied towards the $333.22 level, which was the last traded price before current’s breakaway gap. In contrasts, a daily close below the $221 level may provide short selling opportunities with a potential retest of year to date low of $162.71. Its current MACD deadly cross suggest bearish momentum still persists in the market.