$NFLX 80% move incoming?

After tapping the 200 EMA, NFLX showed no signs of panic selling, instead, price stabilized and began printing higher lows, suggesting absorption rather than distribution. This zone acted as a liquidity pocket where weak hands likely exited and stronger participants accumulated positions. The recent compression beneath resistance signals building pressure, and a decisive daily close above the range high could trigger a momentum expansion phase fueled by short covering and trend-following flows. I’m not blindly predicting an 80% move, but structurally this is how larger upside legs begin, reclaim trend, build cause, then expand. Invalidation remains a sustained close back below the 200 EMA, which would shift the narrative back to distribution. Until then, this looks like early-stage positioning rather than late-stage chasing.