A Strong Opportunity with the Netflix Stock Correction

Netflix stock has rebounded strongly after breaking a downtrend that lasted for more than four months.

The stock has established key buying zones, currently the strongest for the stock, near the $79.33 level.

Netflix stock is currently undergoing a correction, which may lead to a retest of these key buying zones. A return to these buy zones, as indicated on the chart, would present an excellent buying opportunity.

Expected Targets

If the stock falls and tests the buy zones near $79.33, we may see a renewed upward movement towards the $86 and $94 targets.

The $86 level is also considered a good buying opportunity, but it's advisable to wait for any buy signals from this level first.