$Netflix(NFLX)$ 📈 Netflix: Understanding the Reversal at 102, the Resistance at 108, and Why I Keep Accumulating Shares When I look at Netflix’s intraday behaviour, the price action around the 102 level stands out as a textbook example of a reversal forming right at a demand zone. Early in the session, Netflix experienced heavy selling pressure, with volume spiking and red candles stacking one after another. This typically signals panic selling or forced liquidation after a negative catalyst or a broad-market dip. But what matters to me isn’t the fall itself — it’s where the fall stops. 🔹 Why Netflix Reversed at 102 The level around 102 acted as a natural support zone for several reasons: 1. Historical support