NFLX — gap-reversal

Summary

5.6% is already significant for this market cap. It got downgraded because of viewership trends going lower. Earnings are stable, which is not a bad thing. Gapping close to a support zone. It starts by capitulating right at market open. It starts to reverse by the end of the first bar and consolidates for a while. Take an entry when it breaks from that. Sell half as it pushes higher into the open, and sell the rest or trail as it consolidates a bit and pushes again.