These Are Netflix’s Must-Know Levels Ahead of Earnings

For months now, I have been harping on about the consolidation we’ve been seeing in Netflix  (NFLX) – Get Report and other FAANG holdings.

But we’ve started to see those consolidation phases resolve to the upside.

Specifically, Microsoft  (MSFT) – Get Report has made a nice move to new highs. Apple  (AAPL) – Get Report has been trading better, as has Amazon  (AMZN) – Get Report.

Nvidia  (NVDA) – Get Report – while not in the FAANG group – also made a nice move to new all-time highs.

So the question now is whether Netflix can join the party. The stock has given us mixed signals, trying to rotate higher but clearly hesitating ahead of earnings scheduled for Tuesday after the close of trading. Read more…..


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