is coming from its competitors such as CNBC. (part of the Peacock streaming service).
NFLX was a disruptor and has no love among the stuck in muck traditional large media Companies.
The stock is now sitting on multiple levels of support.
- 20 MA on weekly
- 100 MA on daily
- Fixed Range Point of Control (POC Redline)
- Fibonacci retracement support.
Until these levels break, I have no concerns.