Exciting day for Netflix (NFLX). We shall all see the first quarter results when the market closes.
However… We should all be conscious about the fact that NFLX is trading close to all time highs. Looking at the previous results, NFLX has always been very volatile based on the reports (minimum of (8% to 10% movement).
Having considered that unless we see a VERY satisfactory first quarter, the results may trigger a sell pressure. In this scenario, we could see an initial drop to $135 level. There could be a bit of support there. However this should be a weak support which may lead to further drops to $130.
This cannot be considered an investment advice!!