Positive Momentum Divergences For Beaten-Down NFLX

At the current pre-market price of 79.27, NFLX is down 41% from the ATH, as the price structure nears a significant technical inflection level in and around 75.00, which represents the Fibonacci 50% retracement-support level of the entire bull phase from the May 2022 low to the June 2025 high.

Given the glaring positive Momentum divergences that have emerged during the last two weeks of trading (lower prices accompanied by higher Momentum readings), my preferred scenario argues for NFLX to pivot to the upside from the 75-80 Turn Window into a meaningful recovery rally that has its first challenge at 85.00-87.50.

A CLOSE below 75.00 will be extremely problematic technically for NFLX.