Getting A Handle On Netflix's New, Earlier Buy Point

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The tech-led sell-off this Monday had shares of Netflix (NFLX) testing a key level, but the stock could be buyable soon.

A nearly 5% loss in heavy volume on Sept. 25 had shares taking a trip to the key 50-day moving average. In a sign of strength, Netflix found support at that level and rebounded higher the following two sessions.

The stock is 4.6% below a potential buy point at 190.05 from a cup-with-handle base. Watch the video to learn more about this chart pattern.

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