Netflix, Inc (NASDAQ: NFLX) trades around the mid-$73 range, facing ongoing downward pressure near its multi-month lows. Recent market attention centers on executive insider stock sales including Co-CEO Gregory Peters Offloading shares alongside broader tech sector caution and growing competition in the streaming space.

Technical Outlook:
NFLX is on a downward pathway. The stock have been trending in a descending momentum, with lower lows and lower highs, for a few months now, in regards to the market structure. Price is presently making a back test, after breaking partially, above the lower resistance line. We are anticipating a buy reverse, within a zone of $70.80-$72.

Key Points:
A clear pullback at this levels, triggers a long continuation, eyeing $78.67, as next potential bullish.

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