Netflix: Awaiting a Reversal for a Long Opportunity

about 1 month ago

Josh

"Netflix is not looking good. And I've been warning about Netflix at the same time telling you it's one of the most interesting stocks to go long on as soon as a few things come change as long as we get some reversal. And I've told you that we've got to get a 2x volume. Specifically, I would love it for a hit off of 1050. So, I'm looking for one more capitulation moment for Netflix and then I would love to go long. But this is one that I think should be on everybody's radar because it's much more attractive than Apple that might get from 280 to 300."

The speaker identifies Netflix as a potential long opportunity, contingent on a reversal backed by a 2x volume surge. A trigger identified is a hit off the 1050 level, signaling a possible capitulation moment that could offer an attractive risk-reward profile.

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