$Netflix(NFLX)$ I just entered 4 more positions of Netflix (NFLX) at $83.65 yesterday. 📉 The Setup: The Ultimate Support Sniper & P/E Crush Ever since Netflix executed its highly anticipated 10-for-1 stock split, the accessibility for retail has skyrocketed, but the big institutional players are the ones setting the floor right here. Sniping the 52-Week Value Pocket: Our entry at $83.65 is technically pristine. We are buying right above the critical $75–$83 major demand zone. This is the lower horizontal boundary of its 2026 consolidation channel, historically an area where institutional buying completely overwhelms the sellers. 🛡️ Aggressive P/E Normalization: Driven by this minor pullback, Netflix's forward P/E has compressed d