$NFLX Q2 Earnings: A Massive Technical Pivot
Today brings the highly anticipated Netflix earnings report, and looking at the Daily chart, we are sitting at a crucial level.
Market expectations are set at an EPS of $0.79 and revenues around $12.58 billion, marking a solid 13.8% year-over-year growth.
Investors will also be heavily focused on the advertising revenue, which is projected to roughly double this year to hit the $3 billion mark.
The technical structure has been strictly bearish since the $140 top.
After a downside BOS, the price is hovering around $74, heavily testing the major $69