Netflix technical setup points to near-term upside
Netflix is exhibiting strong relative strength and a favorable risk-reward setup, with a clear path toward the $120 resistance level.
The argument
The hosts argued that the stock is acting very well technically, supported by rising trailing twelve-month earnings and pricing power, making a move to $120 likely with a clear stop-loss at $90.
The thesis, stress-tested
✓ What validates it
- ✓Stock price breaking and staying above $100
- ✓Continued growth in trailing twelve-month fully diluted EPS
▸ Risks discussed
- ▸Failure to hold key support levels
- ▸Potential subscriber churn from recent price increases
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