tech
February 26, 2026
An attractive entry point to buy Netflix emerges amid its battle to acquire Warner Bros., charts show
The price action for Netflix seems to be telling us something about where the stock could be heading next, according to Jay Woods.
TL;DR
- Netflix stock showed a rally after investors thought it won the bidding for Warner Bros. Discovery.
- A bullish engulfing candle and a gap higher on Wednesday signal a potential shift in short-term momentum.
- Momentum indicators, including RSI and MACD, are showing improving trends, suggesting a potential reversal.
- Key technical levels to watch for risk/reward include $85-$87 for initial resistance and $75 and $70 as potential longer-term support.
- The time frame for the Warner Bros. deal to conclude could be significant, possibly up to a year.
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