Netflix Pullback Is a High-Conviction Trade: Buy the Panic, Sell into Strength
Netflix collapsed after mixed Q2 results and cautious forward guidance, but the fundamentals and balance sheet argue for a recovery. Valuation has reset, technicals are oversold, and growth while slowing still looks solid. This trade idea lays out an entry at $69.00, a stop at $62.00 and a target of $110.00 over a long-term (180 trading days) horiz…