NFLX — Early Trend Repair?

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NFLX — Early Trend Repair?Netflix, Inc.BATS:NFLXBenAurifexNetflix has been in a sustained downtrend, but the recent price action is starting to improve. Technically: • Price has rebounded strongly from the ~$65–66 low • 10 EMA has crossed back above the 21 EMA • 21 EMA is beginning to flatten • Price is now testing the 50 EMA area around $78–80 • Relative strength vs SPX is starting to recover The bigger trend is still damaged, with the 200 EMA around $88–90 and significant overhead resistance above. Key levels: $78–80 — current breakout test $82–84 — next resistance zone $88–90 — 200 EMA / major trend test $73–75 — near-term support $65–66 — major recent low For me, a clean move above $80 followed by a successful hold would make the setup much more interesting. Still early, but the first signs of trend repair are appearing.