NFLX is in a downtrend following a Wells Fargo downgrade; price may retest $75 support and face rejection.

and not only that, but Netflix is declining and SanDisk is starting to rise.

Now, let's talk about one of the stocks that has fallen sharply, guys. It's Netflix stock. Now, Wells Fargo has ended up lowering its forecast for Netflix , giving it a lower entry level there.

But, let me show you something here, guys. Okay, we have February 2026. What exactly am I referring to here? Okay, let's move this horizontal line downwards. So, look at the low pivot point there.

You can see, you know, that it found some kind of support during the day, at least it rose and then closed here, and then opened today at a much lower level. Okay, let's go back to February.

Look at that, guys. So, this level has proven itself to be a strong support. The price has fluctuated around this range a little. You can see that it was rejected, rejected, rejected several times, rejected again, and rejected yet again .

Now, act as a support level here with this daily candle. I wouldn't be surprised if we retested it, and we might encounter a little rejection here. That would be around $75. So, it's also very close to a psychological level for Netflix.