NFLX at $271 is My Target for a Bounce

People thought I was crazy couple of weeks ago when I mentioned that NFLX was setting up to the downside, but my theory isn't all that bad now though. 

Support being tested at the 50-day moving average in which if that fails $271 comes into play. If tested, I think $271 could be a great bounce area for the stock.

If that doesn't happen the support levels of $250 and then $203 still stand. 

Here's the technical analysis of NFLX:

netflix technical analysis nflx 

Comments:

     

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