Netflix has weighed heavily on the tech sector having more than halved from its late 2021 high as investors clearly decided that the company’s performance didn’t warrant the huge valuation it had previously enjoyed. However after plunging so far we believe the risk / reward now favours the aggressive trader under the $US380 level – MM can see a test of $US450 in the coming weeks / months.
MM is bullish NFLX short-term
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