Netflix $NFLX was retreating on Friday after Disney $DIS unveiled its streaming package, which is definitely going to compete directly with Netflix. We were already anticipating a pullback, Netflix (NFLX) - Anticipating a Pullback vs. Q1 Rally The Disney reveal added fuel to that scenario. Disney Steals Apple's Thunder in Detail-Oriented Disney+ Reveal (thestreet.com) NFLX Daily Chart (click to enlarge) Anticipating Support:- As noted in our previous Netflix assessment, the downside is now opened up to the previous support area between roughly $311 and $320. Anticipating Earnings:- Tuesday's earnings report (4/16) will play a key role on whether price retreats.- While Netflix has been on a roll with subscriber growth, it has also pushed expectations for its continuing growth which will be hard to satisfy.- Thus I think expectations will regress, which would be reflected in a price pullback. - However, I don't think there will be reasons to be bearish on Netflix neither outside of the short-term.- With these considerations, I am looking to buy Netflix on a dip if indeed falls to $311-$320 area after Tuesday's earnings report.