$Netflix(NFLX)$ I foresee a potential move toward 60 based on current technical structure and weakening fundamentals. Price is struggling to hold above the daily 200MA, which signals downside risk if support fails.
However, if the WBD acquisition deal gets approved, it could act as a strong bullish catalyst and shift sentiment upward. For now, this appears more like a technical rebound rather than a confirmed trend reversal.
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