NETFLIX (NFLX) TURMOIL'S BLOW TO STREAMING

Mar 23, 2020

while all equities are falling apart Netflix turned to be relatively stable.
but most likely this phenomenon is just temporary.

on a daily on Thursday we saw a retest of a key level and strong rejection with a consequent negative reaction on Friday.

I believe here we have a perfect opportunity to short the stock expecting a drop to lower structure levels.

first - retest of a current local low 298
and then to 255

good luck!

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