NFLX – December 18, 2023

Had not posted in NFLX for a while and forgot (honestly) what a beat down they took but man – also – what a rally!

I wouldn’t be surprised to see a near term pullback w/ the .618 retracement approaching/hit w/ some daily bearish divergence. But, that being said, it bounced off major LONG TERM LOG TREND LINES and that means, for now, the band plays on … if we ever get back to the lower end of the log trend lines (key – LOG TREND LINES) I’d be a buyer. Of course, that would have been the one time it broke support! 🙂