WATCHING FOR LONG POSITION from $335-$340
NETFLIX INC NASDAQ:NFLX
After a huge dip I think we will hit support where resistance was, I’m looking at the $340 level for a possible entry.
Content is always important and Netflix is ahead of any bigger players that might come along so therefore I’m bullish long term but short term it will go further down a little more.
Last daily candle was very bearish so we either retest the lows of $347 where 50% retrace is or go down further to my level $335-$340