Netflix – Bullish Setup
By:TradingView
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Price is sitting on a major support zone around $75–80 after a ~44% pullback. This level previously acted as strong demand and base for the last rally.
Why I’m watching this closely:
• Strong historical support holding
• Signs of stabilization / possible accumulation
• Business fundamentals still solid (subscriber growth + improving margins)
• March 20 shareholder vote could support positive sentiment
• If price starts reclaiming structure:
➡️ $84
➡️ $93
➡️ $106
➡️ $124 major target
From current levels to $124 = ~60% upside potential.
RR currently favors upside if buyers step in.
Why I’m watching this closely:
• Strong historical support holding
• Signs of stabilization / possible accumulation
• Business fundamentals still solid (subscriber growth + improving margins)
• March 20 shareholder vote could support positive sentiment
• If price starts reclaiming structure:
➡️ $84
➡️ $93
➡️ $106
➡️ $124 major target
From current levels to $124 = ~60% upside potential.
RR currently favors upside if buyers step in.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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