I got this trade wrong this summer, but Debt is getting more expensive and NFLX continues to have more of it. Analysts are also starting to figure out that these subscriber growth numbers can't keep up with the cost of that content. Aiming for the blue lines. Will close 70-80% of my short at the first one.
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First Target Reached, closing part of my short position here and maintaining part to see if we attack ~$221 next. I don't think support will hold here, but always take some profits when you have the chance.
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Target 1 reached, closed part of my short, but holding some open for next target at $220. If you're not in, wait for a clean break of $250 to enter.
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Back down??? I think so