Netflix
Goldman Sachs lowered the capitalization of Netflix to the basket.
Since the end of 2021, the company began to rapidly lose its capitalization and from the level of $700 per share, fell at the peak of the downward UP trend to the level of $200, which caused panic investment fear. The next trigger for the fall was the updated status of the rating from Goldman Sachs to the "sell" status, after which the quotes on the NASDAQ immediately collapsed by almost 5% and continue to fall. At the moment, Netflix shares have approached the historical support level of the $165 descending channel, and in case of its breakdown, the next technical target is $100 per share. The $100 support level could well become an option level, below which a large amount of pent-up demand is concentrated. This fact is able to generate short-term investment interest for the formation of medium-term upward dynamics. Additional factors may be the release of the already announced second season of "The Squid Game" from Netflix.
Goldman Sachs lowered the capitalization of Netflix to the basket.
Since the end of 2021, the company began to rapidly lose its capitalization and from the level of $700 per share, fell at the peak of the downward UP trend to the level of $200, which caused panic investment fear. The next trigger for the fall was the updated status of the rating from Goldman Sachs to the "sell" status, after which the quotes on the NASDAQ immediately collapsed by almost 5% and continue to fall. At the moment, Netflix shares have approached the historical support level of the $165 descending channel, and in case of its breakdown, the next technical target is $100 per share. The $100 support level could well become an option level, below which a large amount of pent-up demand is concentrated. This fact is able to generate short-term investment interest for the formation of medium-term upward dynamics. Additional factors may be the release of the already announced second season of "The Squid Game" from Netflix.