The shares seem to have found some kind of level but they will need some good news to get motoring again.
I’m not convinced the way back will be that straightforward for Netflix. The company has disappointed on more than one occasion and investor confidence is wearing very thin. It will take something spectacular to get this share back on track.
Missed this recovery in the share price over the last few weeks - also see that Roku has had a bounce.
Will we see the traditional first qtr surge in subs in 2020? Vital times and likely to set the tone for the rest of 2020!
The share price could bounce around between the support and resistance levels - however, if the new year subscription numbers are decent then we could see a spike into higher ground
Like so many stocks at the moment, it looks as though Netflix is waiting to see what the general market will do first.