Observation-Follow-Up
In my July 19th post “Observation,” I stated that while not taking a position I felt NFLX would POP after it’s earnings report that day and that my target was a gap fill around 325. The stock did POP and is up from around 190 at the time to the current 245. Well, today is the next earnings release(and once again it doesn’t really matter what it is but how the market perceives the forward guidance) and I believe another POP is likely and before the end of the year NFLX should fill the gap around 325. Just as that report was during the rally in the market from the June lows to the August highs, it looks like the stock market has bottomed for 2022. Not THE BOTTOM, that will have to wait for sometime in 2023 or 2024, but for now stocks were oversold and are headed higher. https://goldtadise.com/?p=545829