NFLX is moving In a falling wedge from their last ER. This pattern is bullish as a break out is expected. Once there's a breakout, it's usually followed by a retest of the broken resistance which will turn support. Once support is established, we have lift off!
After their last ER, it gapped down and continued down.
We are receiving bullish news on Netflix now. If Netflix can build up some volume, they'll break out the channel.
I'm going long on this. ER is 16 Oct.
Good luck.