Not a short squeeze IMO. Short interest on the Q’s & most FKA Mag 7’s was hovering around 52-week lows recently so anything but a short-squeeze. Simply dip buying off the first half-decent pullback to support in quite some time.

As far as a longer-term swing or trend trade, much too early to go long NFLX, IMO. The stock has only relatively recently broken down from the bearish rising wedge following the 3rd divergent high on that time frame in the last 6 years (weekly chart below shows what happen those last two times & what will likely happen, at a minimum, this time).

Even if my longer-term outlook on the chart below is wrong, at best, I’d wait for a solid recover back above that 564ish support AND at least half-decent evidence that the stock market has negated the majority of the recent major sell signals over the past few weeks.