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Netflix is exhibiting several classic signs of late-stage accumulation: the stock is holding in a sideways range after recent volatility, institutions appear to be building positions, and there is a noticeable increase in large options trades and quiet buying activity. At the same time, anticipation around the stock split and recent analyst upgrades are promoting accumulation by larger players, even as the stock has not shown a decisive breakout. The observable trading action most strongly suggests that disciplined, gradual position building by informed buyers is under way.
Enduring a prolonged accumulation phase requires discipline and conviction, as markets often wear down patience before a larger move finally develops.
This environment tends to reward those who can remain objective and stick to their investment thesis, while it tests those who get caught by short-term noise, volatility, and indecision.
Good luck